Opponents fear financial failure, but mayor says he's confident development will justify spanORANGE BEACH -- About a month after striking a deal with Goldman Sachs to split the cost of designing a bridge over Wolf Bay, city officials hosted a public meeting this week to update residents on the planned span.
This spring Florida-based Figg Engineering, which has a $5.7 million contract with Orange Beach and Goldman Sachs to design the bridge and a roadway linking the span to either U.S. 98 or Interstate 10, said that the project could cost as much as $110 million, depending on how far north the road extends.
But the engineer's study also concluded that the bridge could generate revenue up to four times that cost, via tolls, over 20 years.
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Click here to see an aerial view of the proposed bridge landing in Orange Beach.
