Director resigns from bridges authority, paper reports

Director resigns from bridges authority, paper reports

LOUISVILLE, Ky. (June 20, 2012) — The executive director of the Louisville and Southern Indiana Bridges Authority resigned last week to become a special adviser to Indiana for its portion of the Ohio River Bridges Project, reports the Louisville Courier-Journal.

Steve Schultz said uncertainty surrounding the authority’s future was a “partial” factor in his decision, according to the newspaper.

The authority is an independent governmental agency organized to finance and construct the Ohio River Bridges Project. It helped design a financing plan for the project, but the panel’s role in the project changed after the states divided the project last year,  each overseeing financing and construction of one bridge.

The authority’s status is expected to be determined in a development agreement being negotiated by the two states, Schultz told the newspaper.

Working for the Indiana Finance Authority, Schultz’s duties will include communications with the media and project stakeholders; serving as a liaison to the Federal Highway Administration; working on contracting; and dealing with the Indiana Department of Transportation and the governor’s office, he told the Courier Journal.

He will be paid about $190,000 a year.