Friday, September 20, 2013

Bond to help pay for Mall Drive Bridge in St. George

Officials approved $10 million in government bonds Thursday to help pay the construction costs for a new bridge across the Virgin River at Mall Drive. Backed by franchise tax revenues, the bonds will require $750,000 payments over the next 15 years, essentially extending an existing bond schedule for a previous road project that was scheduled to expire this year. The bond is part of a complex plan to finance the bridge, which is still dependent on federal environmental approval, agreements with adjacent property owners on rights of way and construction bids that come in at an affordable amount. The Spectrum 

Note: Construction employment is already on the mend in Washington County. Between March 2012 and March 2013, the county saw construction industry employment increase by a robust 13 percent. New major construction projects should help buoy up the current strong numbers in the months ahead.