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.
- May Traffic Report
- Mackinac Bridge Items being Auctioned
- April Traffic Report
- The Mackinac Bridge Authority remembers former Chief Engineer Max Coburn
- National search to begin for next Mackinac Bridge Authority executive secretary