Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Auditor General Jack Wagner Says Philadelphia Motorists Twice As Likely To Pass Deficient Bridge Than A McDonald's





Renews call for Gov. Corbett, General Assembly to pass infrastructure bill

PHILADELPHIA, April 26, 2012 /PRNewswire-USNewswire/ -- Philadelphia motorists are twice as likely to pass a structurally deficient bridge than a McDonald's restaurant, said Auditor General Jack Wagner, who today renewed his call for Gov. Corbett and the General Assembly to make passage of a comprehensive transportation and infrastructure bill their No. 1 legislative priority this spring.

"It's time for our elected officials to stop wasting their time and focus on the things that Pennsylvanians care about most – unsafe roads and bridges and a lack of well-paying middle-class jobs," Wagner said. "A comprehensive transportation bill would address both concerns. It would improve our bridges and highways while putting tens of thousands of Pennsylvanians back to work."

Wagner spoke at a press conference at the Southeastern Pennsylvania Transportation Authority's Wayne Junction under Roosevelt Boulevard – one of 121 Philadelphia bridges classified as structurally deficient by the Pennsylvania Department of Transportation . (That compares with 53 McDonald's restaurants in Philadelphia, according to the company's website.)

Opened in 1960, Roosevelt Boulevard is a major connector linking Philadelphia's northeast neighborhoods with the Schuylkill Expressway and Center City. 

About 60,500 motorists use the bridge each day. According to the Pennsylvania Department of Transportation, the bridge's substructure and superstructure are rated as poor, meaning that they are in bad condition and that the deterioration of primary structural elements has advanced.

A recent study by Transportation for America, a Washington, D.C.-based advocacy group, said that 20 percent of the Philadelphia region's bridges were structurally deficient – the third-highest total among the 102 largest metropolitan areas in the United States. It said the five-county Philadelphia metro region had 907 structurally deficient bridges; only the Pittsburgh metro area has more.

Wagner said that crumbling infrastructure is a major problem across the commonwealth, not just in Philadelphia. He said that Pennsylvania has 6,000 structurally deficient bridges and 8,452 miles of highway rated as poor, and that the longer Harrisburg delays in making infrastructure investment, the more it will cost taxpayers.

In November 2006, Gov. Ed Rendell's Pennsylvania Transportation Funding and Reform Commission identified a $1.7 billion annual shortfall in funding for the commonwealth's transportation infrastructure and mass transit services. In 2010, Gov. Rendell's State Transportation Advisory Committee produced a report that estimated the state's unfunded transportation needs at approximately $3.5 billion. The gap is growing and will reach an estimated $7.2 billion in 10 years if nothing is done. The gap is growing because of continued decline in fuel tax revenue due to vehicle efficiency, reduced buying power due to inflation, and the Pennsylvania State Police's consuming a bigger slice of the Motor License Fund.

Infrastructure investment is supported by many state business organizations, Wagner noted, including the Pennsylvania Chamber of Business and Industry, the Pennsylvania State Building and Construction Trades Council, the Philadelphia Chamber of Commerce, the Allegheny Conference on Community Development, and the Pennsylvania Motor Truck Association.

Robert Latham, executive vice president of the Associated Pennsylvania Constructors, testified before a state House panel in June 2010 that a $2 billion increase in transportation infrastructure spending could lead to the creation of as many as 50,000 jobs.

Inadequate infrastructure is not only a threat to Pennsylvania, but it's a major issue for the nation, Wagner said. According to the American Society of Civil Engineers, the U.S. needs to invest $2.2 trillion to repair highway, transit and water projects after years of neglect.

"The time has come to stop putting off infrastructure investment," Wagner said. "Not only would infrastructure investment improve public safety, reduce traffic bottlenecks and enhance our economic competitiveness, it would also help address the issue of greatest concern to all Pennsylvanians: jobs."

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,294.50 -12.67 -0.08%
NASDAQ 3,459.42 -3.88 -0.11%
S&P 500 1,650.51 -4.84 -0.29%
US 10 Yr 2.023% -0.003

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs