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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: The project received a number of various Federal, State, and Local grant funds to support the project. A significant portion of the local funds were generated from bridge tolls and sales tax measures.
Direct Cash Support: The Local Funds totaled to $274.5 Million. The State Funds totaled to $78.9 Million. The Federal Funds totaled to $25 Million.
From Public Sponsor of Project - Direct Expenditure of Appropriated Public Funds: Local funding sources were generated through bridge tolls and also stemmed from the owner's reserve account. The State funding sources were generated through the STIP program, and other "Funding Exchange" programs. The Federal funding sources was a FTA "Small Starts" grant.
Credit Enhancements: The owner applied for and took out a TIFIA loan capitalized during construction for $105.7 Million. There is still roughly a 70-105 Million funding gap that will be funded through loans (additional TIFIA loan or Buy America Loan) or bonds as needed.