Gov. John Kasich optimistic about Brent Spence funding - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

Kasich optimistic about Brent Spence funding

Ohio Gov. John Kasich on Wednesday speaks at Withrow University High School. FOX19 photo Ohio Gov. John Kasich on Wednesday speaks at Withrow University High School. FOX19 photo
The Brent Spence Bridge. File photo The Brent Spence Bridge. File photo
HYDE PARK, OH (FOX19) -

Ohio Gov. John Kasich remains optimistic that the Brent Spence Bridge will built, despite action by Kentucky legislators this week.

Kasich, who Wednesday was at Withrow University High School in Hyde Park to discuss his proposed mentoring program, told reporters that "the legislative process is always tricky. But I think at the end of the day, we will have the bridge. It's going to get done. It's just a matter of when and exactly how."

On Tuesday, a Kentucky House committee moved forward with plans to pull nearly $37 million in funding from the project. That leaves just more than $22 million in federal funding in a $60 million pot outlined by Gov. Steve Beshear in his recommended highway plan.

The cost of the project is expected to be around $2.5 billion. With added finances and interest, up front funding is estimated around $3.5 billion.

Studies show 172,000 vehicles cross the bridge daily. Furthermore, studies have shown that more than 3 percent of the nation's gross domestic product crosses the bridge each year tallying $417 billion. It's predicted that by 2030, $830 billion in gross domestic product will cross the bridge.

Related content:

Brent Spence funding in jeopardy?

Local leaders seek answers on Brent Spence Bridge project

Study shows 2 funding options for new Brent Spence Bridge

Panel OKs allowing public-private partnerships

Tolling part of equation in plan for new bridge

http://www.lrc.ky.gov/budget/14RS/HB237HCS1.pdf (actual bill)

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