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Bill

Bill

SB 5734

Concerning the interstate bridge replacement toll bond authority.

2025-2026 Regular Session Introduced by Annette Cleveland and 3 co-sponsors

Authorizes Washington to issue toll bonds to finance I-5 bridge replacement, shifting construction costs to future road users rather than current taxpayers.

Passed to Rules Committee for second reading.
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Bill Summary · SB 5734

Legislative bill overview

SB 5734 authorizes the use of toll revenue bonds to finance the replacement of the Interstate 5 bridge connecting Washington and Oregon across the Columbia River. The bill grants bonding authority to proceed with this major infrastructure project, which has been under joint discussion between the two states for years. It represents a mechanism to fund construction without requiring immediate full appropriation from the state budget.

Why is this important

The I-5 bridge is a critical transportation corridor serving the Portland-Vancouver metropolitan area, and the current structure is aging and seismically vulnerable. Toll-based financing allows the project to move forward while distributing costs across users over time rather than requiring a large upfront state expenditure. This decision affects regional commerce, commuter traffic patterns, and long-term transportation planning for the Pacific Northwest.

Potential points of contention

  • Toll implementation and burden: Drivers will face new tolling costs; concerns exist about disproportionate impact on low-income commuters and cross-border workers, and whether toll rates will be politically sustainable
  • Interstate coordination complexity: The bridge involves both Washington and Oregon; disagreements over funding shares, governance, toll structure, and project scope could create delays or implementation challenges
  • Bonding cost and debt service: Using bonds commits future revenue streams; questions remain about whether toll revenue will adequately cover bond repayment and ongoing maintenance without rate increases

Compiled from official sources — confirm details with the bill’s official record.

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