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$1.6B partnership deal inked to replace Goethals Bridge

$1.6B partnership deal inked to replace Goethals Bridge.

Yet another multi-billion dollar bridge replacement project is advancing in the New York metropolitan area. A couple of weeks ago we shared how the Tappan Zee Bridge replacement project got a $1.6 billion federal loan. Now a $1.6 billion public-private partnership deal has been signed to fund, build and replace the Goethals Bridge, which like the Brent Spence Bridge, is consider “functionally obsolete.” Unlike the Brent Spence Bridge project, however, is the fact that the new Goethals Bridge will reserve space for future bus or light rail service. More from Staten Island Advance:

This public-private partnership was struck between the Port Authority of New York and New Jersey and NYNJ Link Partnership, a venture comprised of private companies Macquarie Infrastructure and Real Assets Inc., Kiewit Development and lead contractors Kiewit Infrastructure, Weeks Marine and Massman Construction…Through this partnership, the developers are responsible for designing, building, financing and maintaining the new bridge and demolishing the old one.

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Should Cincinnati revisit the idea of an aerial tram between Downtown and Mt. Adams?

Should Cincinnati revisit the idea of an aerial tram between Downtown and Mt. Adams?.

One of Cincinnati’s most unique and beautiful geographic features is its hills. They provide wooded hillsides, scenic overlooks and breathtaking cityscapes, but they also provide a headache for transportation engineers looking to connect the city’s neighborhoods with one another. While not a new idea, would it be worthwhile for Cincinnati to explore running an aerial tram from Downtown/OTR (near the casino) to the difficult to reach Mt. Adams? More from EarthTechling:

The aerial tram concept may just offer a workable solution for cities the size of Austin, which tend to face some real hurdles in developing any sort of mass transit system beyond that trusty urban stand by, the bus. That’s because any type of light rail or street car proposal often comes up against the major costs (and legalities) of acquiring land rights, which can be a maddenly slow process, and an expensive one. If a city tries to circumvent some of that red tape by building a subway system underground, construction workers may rejoice at the years of guaranteed work, but taxpayers often balk at the costs

An aerial tram, in contrast, has far less of a physical footprint, requiring only space for riders to hop on and hop off. Take a ride on Portland’s aerial tram on a weekend, and it will become clear that they also tend to become tourist attractions — not only because of their relative novelty in American cities, but because of the great views they offer.

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Brent Spence Bridge on the outside looking in as Tappan Zee Bridge replacement gets $1.6B DOT loan

Brent Spence Bridge on the outside looking in as Tappan Zee Bridge replacement gets $1.6B DOT loan.

Originally built during the Korean War, the Tappan Zee Bridge is in need of replacement. The structure is old and requires a number of upgrades – much like Cincinnati’s Brent Spence Bridge. The State of New York was in need of financial assistance to get the $4 billion project moving (sound familiar?). That assistance came last week when the Federal Government announced a $1.6 billion loan for the project, thus ensuring its completion within five years. More from Engineering News Record:

New York Gov. Andrew Cuomo (D) made the announcement Oct. 31, calling it “the largest loan the U.S. Dept. of Transportation has ever made for any project like this.”

The loan was made through the DOT’s Transportation Infrastructure Finance and Innovation Act (TIFIA) program. Established in 1998, TIFIA has ramped up its lending recently, spurred by last year’s Moving Ahead for Progress in the 21st Century Act (MAP-21). The DOT also began taking steps earlier this year to speed up the TIFIA loan approval process.

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With the kids gone, aging Baby Boomers opt for city life

With the kids gone, aging Baby Boomers opt for city life

It’s a common misconception that urban life only appeals to young people. This idea has been repeated many times in recent weeks with regards to the upcoming mayoral and city council election in Cincinnati. Hamilton County Auditor Dusty Rhodes said on Twitter that the purpose of the streetcar project is “to please ‘milennials'” (sic), and the Enquirer recently published a letter-to-the-editor claiming that the upcoming election is about “Millennials vs. Baby Boomers.”

However, a recent Washington Post article sheds light on this issue, and finds that an increasing number of Baby Boomers are opting for urban life. Once the kids have moved out of the house, Boomers don’t need as much space, and prefer the amenities that cities and new urbanist developments offer. More from the Washington Post:

“The millennials and the boomers are looking for the same thing,” said Amy Levner, manager of AARP’s Livable Communities. […]

“The spirit on the streets, there’s a kind of vitality, a regeneration,” Harold Closter said, adding that most people in their building are younger than they are. “We’ve made a lot of new friends, and we’ve found that it’s a lot easier for our friends to get to us, because we’re right on the Metro. . . . Our (adult) son and his friends think this is pretty cool as well.” […]

“I don’t have to spend my time taking care of the house, replacing the gutter, sealing the driveway,” he said. “After you make the move, it’s like a big rock lifted off the back of your neck.”

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Ohio’s 3Cs boast a larger economy than all of Denmark

Ohio’s 3Cs boast a larger economy than all of Denmark.

It turns out that while China has been gaining ground, it still has a long way to go to catch up with America’s economic prowess. In fact, recent numbers show that the 30 largest metropolitan areas in the United States, alone, have a higher GDP than China. When looking at Ohio, Cincinnati, Columbus Cleveland ($320 billion) tally a combined GDP just higher than Denmark ($314 billion) and just lower than the United Arab Emirates ($359 billion). More from Business Journals:

A recent Pew Research Center survey of 38,000 people in 39 nations found widespread expectations that China will soon surpass the United States. Respondents in just six of those 39 countries are still placing their bets on the U.S. The current numbers, however, suggest something different.

China’s total output of goods and services, better known as its gross domestic product (GDP), climbed to an impressive $8.23 trillion last year, according to the latest estimates from the International Monetary Fund. But the United States is still far in the lead with GDP of $15.68 trillion, roughly 90 percent higher than China’s total.