Bonds ($99,800,000) for the project were issued in early 1954. The proceeds to the Authority amounted to $96,400,033.33. The cost to design the project was $3,500,000 (Steinman Company). The cost to construct the bridge was $70, 268,500. Two primary contractors were hired to build the bridge: American Bridge for superstructure – $44,532,900; and Merritt-Chapman and Scott of New York for the foundations – $25,735,600. The remainder of the proceeds from the bond sale was used to service the bond debt both during and after construction. Tolls could not be collected until the bridge was opened to traffic on November 1, 1957.
- August Traffic Report
- Gov. Whitmer appoints Amy Trahey to the Mackinac Bridge Authority
- 30,000 walk the Mighty Mac on Labor Day
- July Traffic Report
- Labor Day and the Mackinac Bridge Walk just a week away