Index Investing News
Wednesday, April 22, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

It Could Take Longer to Rebuild the Baltimore Bridge Than It Took to Build the Entire Transcontinental Railroad – FREEDOMBUNKER

by Index Investing News
April 4, 2024
in Opinion
Reading Time: 4 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter


America’s Industrious Spirit Is Gone: It Could Take Longer to Rebuild the Baltimore Bridge Than It Took to Build the Entire Transcontinental Railroad

April 4, 2024   |   Tags: LIBERTY DAILY

It Could Take Longer to Rebuild the Baltimore Bridge Than It Took to Build the Entire Transcontinental Railroad – FREEDOMBUNKER(DCNF)—The effort to rebuild the recently collapsed Francis Scott Key Bridge near Baltimore, Maryland, could quickly turn into a years-long quagmire as a result of environmental red tape under the Biden administration, experts told the Daily Caller News Foundation.

The Baltimore Bridge was struck by a container ship navigating the Patapsco River out of the Port of Baltimore in late March, sending several cars and workers into the water and rendering the passageway unusable. It is unknown exactly how long the bridge could take to rebuild, as officials could expedite the process, but experts warned the DCNF that government red tape, such as environmental reviews filed by government entities or environmental activists, could slow down its construction after debris is cleared from the site and new plans for a replacement bridge are drawn up. +

“If the bridge gets special regulatory treatment, then five years is a reasonable timeline,” Ryan Young, senior economist at the Competitive Enterprise Institute, told the DCNF. “There is some hope for this, based on last year’s collapse of a stretch of I-95 near Philadelphia. It reopened in 12 days, mostly thanks to red tape being waived. It would have taken months otherwise. Of course, that was a much smaller project.”

Following the disaster, the Biden administration announced that it would be sending $60 million to the city of Baltimore to assist in the clean-up and rebuilding, far from the sum needed to rebuild the project fully. President Joe Biden has also pledged to completely cover the cost of reconstructing the bridge, pending Congressional approval, according to Reuters.

An official cost of a new bridge has yet to be announced, but some estimates are around $500 million up to $1 billion, depending on the size and design of the project, according to the AP. The original bridge cost just $60.3 million to build, according to CNN.

“The Key Bridge recovery can take multiple paths, but the two we need to be keeping an eye on are first, where is the red tape around environmental historical preservation bogging down the efforts to help this community recover, and second, what coordination is occurring at the federal level to effect a more resilient recovery for the community, who’s looking at what the vision is, long term,” Brian Cavanaugh, visiting fellow in the Border Security and Immigration Center at the Heritage Foundation, told the DCNF.

A similar bridge disaster occurred in 1980, when a freighter struck the Sunshine Skyway in Tampa Bay, Florida, according to The Associated Press. Construction on a new bridge finished 7 years later, in 1987, 19 months later than it was originally projected to be complete and $20 million over budget.

“Federal and state regulations, including in Maryland, give NIMBYs and environmentalists a lot of ways to block projects,” Young told the DCNF. “Hopefully the Key Bridge’s high visibility will help them restrain their worst anti-development impulses, but that is no guarantee.”

Many large infrastructure projects are often bogged down by environmental reviews, such as California’s high-speed rail project, which has spent more than $600 million on environmental reviews since it was approved by voters more than 15 years ago.

“My fear here is that people can generate environmental reviews that they flag concerns for, say the oyster population or if there’s a bird that breeds in the Patapsco River or water quality,” Cavanaugh told the DCNF. “All these things could easily be triggered through a federal review process and would drag on. Those reviews are not always efficient. The efficacy of those is to be determined by others, but they’re certainly not expedited.”

The Biden administration has expanded the national environmental review framework, rolling back changes that the Trump administration made to the National Environmental Policy Act (NEPA), which requires federal agencies to review the environmental impacts of projects before approval. If the federal government remains involved in the project, environmental reviews may bog down the process, as the average NEPA environmental impact statement between 2010 and 2018 took 4.5 years to complete, halting construction completely, according to the White House’s Council on Environmental Quality.

“The rebuilding cost will almost certainly be higher than the original bridge, for several reasons, though I have no idea by how much,” Young told the DCNF. “A good rule of thumb is Edwards’ law—costs are usually at least double what officials first propose.”

Some analysts say that after cleaning up the site, creating new plans and building the bridge, the whole process could take up to a decade, according to WYPR, an outlet local to Baltimore. It took six years to build the Transcontinental Railroad.

“I fear that the cost of regulations is going to be more impactful than people are giving it credit for,” Cavanaugh told the DCNF. “Depending on what design they go with, like what birds fly in the area or what fish are in the Patapsco River, the cost of studying that and mitigating the negative impacts would be a problem. The mitigation measures to make the bridge more resilient and safe are going to be an added cost. But that’s an added cost not captured by inflation for any bridge built today.”

The Maryland Governor’s Office deferred the DCNF to statements made in previous press conferences. The White House did not immediately respond to a request to comment.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].

The post America’s Industrious Spirit Is Gone: It Could Take Longer to Rebuild the Baltimore Bridge Than It Took to Build the Entire Transcontinental Railroad appeared first on 🔔 The Liberty Daily.

Read More…



Source link

Tags: BaltimorebridgebuildentireFREEDOMBUNKERlongerrailroadrebuildTranscontinental
ShareTweetShareShare
Previous Post

Here are some big money blind spots you need to avoid, advisors say

Next Post

Shoaib Bashir: Jack Leach ruled out till May to hand Somerset spinner chance to press claims for England spot | Cricket News

Related Posts

Why Dhaka is watching Bengal elections closely

Why Dhaka is watching Bengal elections closely

by Index Investing News
April 21, 2026
0

On April 23 and 29, West Bengal will head to the hustings, to elect a new state assembly. This is...

What one needs to build a tech unicorn: A dream, some employees and lots of AI hype

What one needs to build a tech unicorn: A dream, some employees and lots of AI hype

by Index Investing News
April 17, 2026
0

Investors’ appetite to back companies created by breakaway former employees of top AI labs is insatiable. Last July, OpenAI’s former...

Existing US Home Sales Plunged In March, Despite Falling Mortgage Rates – FREEDOMBUNKER

Existing US Home Sales Plunged In March, Despite Falling Mortgage Rates – FREEDOMBUNKER

by Index Investing News
April 13, 2026
0

Affordability-aiding lower mortgage rates battled a sentiment-sapping surge in geopolitical panic in March, with analysts expecting the latter to outweigh...

What the GOP can learn from listening to voters instead of consultants –
Las Vegas Sun News

What the GOP can learn from listening to voters instead of consultants – Las Vegas Sun News

by Index Investing News
April 9, 2026
0

Thursday, April 9, 2026 | 2 a.m. For the political class, the arrival of the primary season is like opening...

rethinking retail to serve both consumers and independent retailers

rethinking retail to serve both consumers and independent retailers

by Index Investing News
April 1, 2026
0

Ed von Gericke|Published 2 days agoIn today’s cost-conscious, hyper-competitive retail landscape, shoppers are making tough trade-offs to stretch their budgets amid rising...

Next Post
Shoaib Bashir: Jack Leach ruled out till May to hand Somerset spinner chance to press claims for England spot | Cricket News

Shoaib Bashir: Jack Leach ruled out till May to hand Somerset spinner chance to press claims for England spot | Cricket News

Nvidia Chart Signal Shows Weakening Action; Is Nvidia A Buy Now?| Investor’s Business Daily

Nvidia Chart Signal Shows Weakening Action; Is Nvidia A Buy Now?| Investor's Business Daily

RECOMMENDED

50% Risk-free Annual Returns – The Big Picture

50% Risk-free Annual Returns – The Big Picture

February 2, 2023
UK PM Sunak, Trudeau stress need for de-escalation of India-Canada row

UK PM Sunak, Trudeau stress need for de-escalation of India-Canada row

October 7, 2023
Kyle Richards Shares Update on Mauricio Umansky Separation, Family Figuring Out ‘New Normal’

Kyle Richards Shares Update on Mauricio Umansky Separation, Family Figuring Out ‘New Normal’

March 5, 2024
Crypto names Coinbase, IREN rule weekly monetary movers in banner week for bitcoin

Crypto names Coinbase, IREN rule weekly monetary movers in banner week for bitcoin

December 7, 2024
On-Chain Art Goes IRL: The Largest Collection Of NFTs To Enter A U.S. Museum

On-Chain Art Goes IRL: The Largest Collection Of NFTs To Enter A U.S. Museum

February 14, 2023
Who Is Hosting ‘Saturday Night Live’ Tonight – Hollywood Life

Who Is Hosting ‘Saturday Night Live’ Tonight – Hollywood Life

April 15, 2023
Ransomware attack on chip supplier causes delays for semiconductor groups

Ransomware attack on chip supplier causes delays for semiconductor groups

February 28, 2023
.5 Billion In Bitcoin Options Poised To Expire This Friday: Market Turbulence Ahead?

$9.5 Billion In Bitcoin Options Poised To Expire This Friday: Market Turbulence Ahead?

March 28, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In