Tuesday, April 19, 2011

Trinity River Bridge

In an article about the new Trinity River suspension bridge various aspects of how the bridge got it's funding and the future plans for the bridge are discussed. The bridge project received a donation of $12 million dollars from Hunt Petroleum Company and the naming rights were awarded to their group. The overall cost of the project is estimated at $15 million dollars. Economically the bridge will most likely exceed the estimate. The bridge however offers the possibility, if used correctly, of bringing in funds to the city of Dallas for a long time to come. With added traffic to the area the city could use the bridge as a toll bridge which would create a continuous flow of income. The added accessibility to Dallas also will create a new flow of money. More people will possibly have incentive to go to the city because it's easier. The hypothetically larger number of people will generate a jump start into the recreational economy of Dallas. This new flow of money can possibly create jobs and help businesses grow. If there is success with the bridge adding to the flow of people to Dallas, investors will be driven to buy into new businesses opening with the new customer base.

4 comments:

  1. Do you see a negative side to this project?

    ReplyDelete
  2. I like your article, and I didn’t even know there was a new bridge being built over the Trinity. I think that making the bridge a toll bridge would definitely allow for the project to pay for itself in a matter of years. As for the city of Dallas, I’m not sure that it would truly decrease traffic or bring in extra revenue. While the bridge would allow for new ways to get to and from the city, it could simply shift the traffic from one area to another. I’m not sure that the bridge traffic will be able to integrate into current Dallas traffic and help make it better. As for the revenue, the possible lack of traffic near the bridge could draw in new consumers, but I don’t think it would be enough to make a substantial difference in revenue for the surrounding companies. However, I still think the bridge is a worthy investment for the city. If the bridge were to be a toll bridge it would bring a long lasting flow of cash to cover the cost and to allow for additional money to be made.

    ReplyDelete
  3. I really think that the new bridge being built over the Trinity River is a good way to help out traffic flow in the Downtown area. The new bridge would also create new traffic flow bringing in a new flow of money to the city. The new Trinity River bridge project could also give people a bigger incentive to go into the city because it will be easier than before. If more people go into the city looking to spend money it could spark the businesses in the city. If the businesses in the city get going they could potentially higher more workers thus creating more jobs. However on the downside, the project has a potential cost of a whopping 15 million dollars. I do think that since you said there is a possibility of making the bridge a toll road, that economically it could pay for itself in a couple of years and then make more money after it gets paid off. Overall I think that the bridge is a good investment idea for the city of Dallas.

    ReplyDelete
  4. I agree with the comments above. Although the bridge is going to cost alot of money, I think in the long run it will be very beneficial to our current economic status in Dallas especially with them making the bridge a toll bridge. This bridge is a great way to not only devolope jobs for the construction men but also, as Johne stated above, it will bring forth more people into our city which will bring forth more revenue. Also this bridge can allow buisness men to start and even grow their companies into Downtown Dallas which will bring forth an opening in jobs. The downfall of this bridge will definitely be the construction. Highway I-30 is already bumper to bumper before and after work, so this construction will be a negative factor. Also with the current construction plans on 635, I do not believe this project should be started soon. Timing is very important in an economy and starting a big road project when another just began is not smart. But I think the overall idea of a toll bridge on the Trinity River will definitely spark our economy in a postive manner.

    ReplyDelete