Gov. Parnell Signs Bill To Finance KABATA
Governor Sean Parnell on Friday signed a bill to finance a $900 million bridge across Knik Arm, from Anchorage to Point McKenzie. Bridge proponents originally wanted to fund the project entirely with federal earmarks. But then Congress banned earmarks, in part due to public outrage over this bridge and another in Ketchikan, both derided nationally as “bridges to nowhere.” The new Knik bridge plan is contingent on low-interest loans from the federal government.