New Tappan Zee may be partially privatized

Posted: Updated:

Gov. David Paterson has began searching for businesses willing to invest in the multimillion-dollar replacement of the Tappan Zee Bridge.

"We know that this is the only way this can be done under the circumstances we are facing today," says Al Samuels, of I-278 Tappan Zee Task Force.

While officials say it is necessary to build a new bridge, the state cannot fund the project on its own, considering its $50 billion budget gap.

Although some people fear that involving private investors in the project will lead to higher tolls, Samuels says a toll hike is likely regardless of who fronts the money.

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