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Issue Position: San Francisco-Oakland Bay Bridge

Issue Position

Location: Unknown

As an Assemblymember, Loni Hancock authored AB 144 (2005) which provided a financing plan to address the $3.6 billion shortfall in funding for the construction of the San Francisco-Oakland Bay Bridge. It included a $1 toll increase at all Bay Area bridges ($2.15 billion) and included the refinancing and consolidation of debate ($820 million) and additional state funding sources ($330 million) plus some additional funding from other sources. This project has created thousands of jobs. According the Caltrans for every $1 billion invested in construction work, approximately 18,000 jobs are created.

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