Maryland Official Says Bonds Likely for Key Bridge Rebuild
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The remaining portion of the Francis Scott Key Bridge in Baltimore on March 6.Maryland officials anticipate issuing bonds to help finance the rebuilding of the Francis Scott Key Bridge, which collapsed in 2024 and disrupted a major economic gateway.“We envision that we will be floating bonds to fund the bridge over the course of the five year period and reimbursements to follow from the federal government since we can’t count on those coming in the day that the funding is needed,” Bruce Gartner, executive director of the Maryland Transportation Authority, said during a community meeting Tuesday night hosted by the agency. “We’d have some borrowing costs associated with the rebuild.”