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Virginia Politics
Posted at 06:50 PM ET, 01/20/2012

McDonnell proposes naming rights as a source of transportation money

Have you always wanted to see your name prominently displayed? Here’s your chance.

Gov. Robert F. McDonnell (R) unveiled the more modest, second part of his transportation plan Friday, which includes selling the naming rights to roads and bridges.

The proposal would allow names on the state’s bridges, highways,
Gov. Robert F. McDonnell (Photo by Tracy A. Woodward/The Washington Post)
interchanges and and other infrastructure for an annual fee, which would go to the Highway Maintenance and Operating Fund to support maintenance. The fees would be set at a later time.

The plan also authorizes the creation of a Virginia Toll Road Authority to construct, maintain and operate toll road facilities. Toll facilities currently operated by the state could be transferred to the authority.

The General Assembly must pass the proposals.

“Virginia simply cannot remain a leader in economic development and job creation if we do not continue to address our transportation challenge,’’ McDonnell said in a statement. “That is why this year’s transportation package will dedicate additional funding to transportation and will help spur our economic recovery through job creation, forward-thinking investments and promoting our transportation assets.”

By  |  06:50 PM ET, 01/20/2012

 
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