Home Back Issues October 2012 Building bridges

Building bridges

| Print |  Email
Articles - October 2012
Monday, September 24, 2012

BY JON BELL


1012 ByTheNumbers StateBridgesDrive, pedal or stroll through Portland and it’s easy to see the City of Roses is also a city of bridges. Between Sellwood and North Portland alone, 11 spans stretch across the Willamette River. Two more are set to connect east and west — a new Sellwood Bridge and TriMet’s new light-rail bridge — and assuming construction begins in 2013, the $3.5 billion Columbia River Crossing project could replace the Interstate Bridge between Oregon and Washington by 2020. Bridges are key to commerce and transportation throughout Oregon, and maintaining them is constant, something the state’s done over the past nine years through the OTIA III State Bridge Delivery Program. Here’s a snapshot of the size and scope of bridges in the 10-year program.

2,500+ bridges in the state highway system

365 bridges in the OTIA III program

258 bridges completed since 2003

12 bridges currently under construction

94 bridges deemed OK and removed from initial list

1 bridge in design phase

 

Funding:

$23.7 billion inventory replacement value of state highway bridges

$1.3 billion amount of state funding for bridge repair and replacement in the bridge program

$1.1 billion amount spent on bridge program to date

 

Cost/benefit: 

$123 billion estimated cost to Oregon’s economy had the bridge program not been enacted

$1.2 billion value of contracts awarded to contractors and subs to date

$991 million amount businesses and individuals earned, after taxes, from bridge program since 2003

$20 million savings from diverting materials from landfill over bridge program’s 10-year life

 

Jobs:

23,000 jobs created or sustained through bridge program by 2013

2,200 average number of jobs created or sustained annually through bridge program

 

More Articles

Detox fashion

June 2014
Thursday, May 29, 2014
BY LINDA BAKER

Remember mood rings? A team of scientists at Oregon State University has designed what might be considered a 21st-century analog of the ’70s jewelry fad: a bracelet that reveals one’s exposure to pollutants.


Read more...

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

The global challenge

News
Friday, June 27, 2014
062714 thumb globalmarketBY JASON NORRIS | OB BLOGGER

Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.


Read more...

South Waterfront's revenge

News
Thursday, July 24, 2014
MoodyAveBY LINDA BAKER | OB EDITOR

Remember the naysayers?  Those who called the South Waterfront aerial tram a boondoggle?  Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?


Read more...

Green Your Workplace seminar held at Nines Hotel

News
Wednesday, May 28, 2014

GreenYourWorkplacelogoOBMOregon Business magazine's  "Green Your Workplace" seminar featured a panel of sustainability experts from small, medium and large organizations. The seminar drew 70 people and took place in the Nines Hotel this morning.


Read more...

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


Read more...

The business of running a food cart

News
Thursday, June 05, 2014
OBM1BY HANNAH WALLACE | OB BLOGGER

What does it take to launch and run one of these mobile food businesses?  


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS