Governor Nathan Deal announced that he will remove the GA 400 Toll by the end of
December 2013. The 50 cent collection toll planned to end in 2017, will now end
4 years earlier. He says it’s the earliest he can end the toll without paying a
penalty for early repayment of the bonds. The toll was supposed to end after 20
years in 2011, although during that year the state issued new bonds tied to the
toll revenue in order to pay for needed improvements in the GA 400 corridor. The
$40 million in new bonds were issued on December 1, 2010 and were planned to
fully develop on June 1, 2017. But at the 3 year mark, the state can repay the
bonds without penalty. The state says they need some time to plan for physically
bringing down the gates and the dramatic restructuring that will be needed in
the toll area. Deal says he now needs to work on long term solutions to
congestion in the 400 corridor. The Governors proposal required approval of the
State Road and Tollway Authority.
December 2013. The 50 cent collection toll planned to end in 2017, will now end
4 years earlier. He says it’s the earliest he can end the toll without paying a
penalty for early repayment of the bonds. The toll was supposed to end after 20
years in 2011, although during that year the state issued new bonds tied to the
toll revenue in order to pay for needed improvements in the GA 400 corridor. The
$40 million in new bonds were issued on December 1, 2010 and were planned to
fully develop on June 1, 2017. But at the 3 year mark, the state can repay the
bonds without penalty. The state says they need some time to plan for physically
bringing down the gates and the dramatic restructuring that will be needed in
the toll area. Deal says he now needs to work on long term solutions to
congestion in the 400 corridor. The Governors proposal required approval of the
State Road and Tollway Authority.
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