Economy
1:58 pm
Wed December 12, 2012

Kentucky and Ohio to Study Bridge Funding Options

The Brent Spence Bridge, connecting northern Kentucky and Ohio
The Brent Spence Bridge, connecting northern Kentucky and Ohio

The governors of Kentucky and Ohio have announced an agreement to work together to find the money to replace the outdated Brent Spence Bridge.

Ohio Gov. John Kasich and Kentucky Gov. Steve Beshear agreed Wednesday to create a bi-state management team that will investigate funding options to replace the nearly 50-year-old span. The heavily used bridge carries traffic between the two states over the Ohio River and is considered obsolete.

Preliminary estimates for replacing the bridge run more than $2 billion.

U.S. Transportation Secretary Ray LaHood also attended the announcement in Covington. The bridge received national attention earlier this year when President Barack Obama visited it as part of a campaign stop.