logo
Toll-free at last: Coleman Bridge to end toll collection early

Toll-free at last: Coleman Bridge to end toll collection early

Yahoo06-08-2025
The George P. Coleman Bridge, a vital connection between York County and Gloucester, will soon be toll-free after more than two decades of toll collection, bringing financial relief to thousands of commuters. (Photo courtesy of Virginia Department of Transportation)
The George P. Coleman Memorial Bridge, a vital link between York County and Gloucester, will stop collecting tolls earlier than expected, beginning at 9 p.m. on Friday. In a move to ease the financial burden on local residents and commuters, the Virginia Department of Transportation (VDOT) is expediting the elimination of tolls — originally set to be removed by Jan. 1, 2026 — by nearly five months.
This decision follows Gov. Glenn Youngkin's 2025 budget amendment, which called for the cessation of toll collection, a proposal that was later adopted by the General Assembly. The bridge's tolling, which currently generates nearly $6 million annually, has been a source of financial strain on commuters despite the fact that the bond debt for the bridge's construction has already been fully paid off.
'The commonwealth of Virginia has fulfilled its obligation to repay the bond debt for the Coleman Bridge, so it's time to stop asking Virginians to pay tolls on this facility, and we are doing so five months early,' Virginia Secretary of Transportation Sheppard Miller said in a statement Tuesday.
He explained that continuing toll collection would require substantial additional investments — up to $5 million to maintain the aging tolling infrastructure — costs that will now be avoided.
The tolls — currently ranging from $0.85 to $4 — are collected only from northbound traffic traveling from York County to Gloucester, and have been in place since the bridge was rebuilt in 1995. The original tolls had been removed in 1976 after the construction debt from the first iteration of the bridge was paid off.
However, the 1995 expansion project, which widened the bridge from two to four lanes to accommodate increasing traffic, revived the tolling system.
'This is a win for Gloucester, Mathews, and our entire region — putting more money back into the pockets of hardworking Virginians and easing the burden on families who rely on this vital connection every day,' said Senate Republican Leader Ryan T. McDougle, R-Hanover.
The bridge itself, originally opened in 1952, is the largest double-swing span bridge in the U.S. and plays a crucial role in daily travel for residents and businesses on the Middle Peninsula. By removing the tolls, the state is not only relieving financial stress on commuters but also saving millions in operational and maintenance costs.
'This is a commonsense financial decision that benefits everyone who crosses the river from Yorktown to Gloucester Point,' said Sen. Danny Diggs, R-York, recalling the previous elimination of tolls when the bridge's original debt was paid off. 'I know that all of the people that use the Coleman Bridge are thrilled that the toll will be removed once again.'
The toll relief comes at a time when inflation and rising costs have made affordability a major concern for many Virginians. The bridge's toll collection, which would have needed to continue until 2034 if left in place, was projected to cost drivers upwards of $60 million.
Del. Chad Green, R-York, praised the decision, saying, 'Virginians in our Peninsula communities have more than paid their fair share, and I applaud Governor Youngkin for making this change, working with the General Assembly to get this done.'
Additionally, Del. Keith Hodges, R-Middlesex, highlighted the potential for economic growth in the region, noting that removing the tolls would make the area more attractive for new businesses and job creation, which in turn would strengthen local communities.
Work to dismantle the toll infrastructure will begin on Friday, with crews removing signage and closing two toll lanes overnight. Once the toll plaza is demolished, traffic will shift to the right lanes, allowing for uninterrupted passage across the historic York River.
SUPPORT: YOU MAKE OUR WORK POSSIBLE
Solve the daily Crossword
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Virginia candidates spared over possible debates. Here's what they finally agreed to.
Virginia candidates spared over possible debates. Here's what they finally agreed to.

Yahoo

time2 hours ago

  • Yahoo

Virginia candidates spared over possible debates. Here's what they finally agreed to.

The gloves tend to come off quickly in political debates. But while candidates running for office in Virginia's statewide races have yet to square up this year, they aren't holding back. Several have traded early jabs over debate participation, including which events they will or won't attend. When Abigail Spanberger, the Democratic nominee for governor, declined to participate in a debate hosted by CNN, her opponent's campaign called the decision 'absurd' and 'proof (Spanberger's) terrified of facing voters in an unscripted setting.' Winsome Earle-Sears, the Republican candidate, had previously declined to participate in AARP Virginia's 'People's Debate,' held every gubernatorial election since 2006 and scheduled this year at Virginia State University. Spanberger's campaign made note of that too. 'After months of negotiations, Winsome Earle-Sears refused to participate' in the traditional debate, while Spanberger accepted the invitation a month prior, one press release read. Last month, the Democratic candidate for attorney general, Jay Jones, declined to participate in a debate hosted by the news station WJLA-TV in Northern Virginia. His Republican opponent's campaign called that decision a failure. 'It's the right call — I wouldn't want to defend his record either,' said a spokesperson for Attorney General Jason Miyares's campaign. Jones's campaign at the time said they had already agreed to participate in the Virginia State Bar debate. The squabbling has made it difficult to pin down if and when candidates running for governor, lieutenant governor and attorney general will face off. But now candidates in two races say they've finally reached agreements for debates this fall. Spanberger and Earle-Sears are slated to debate Oct. 9 at Norfolk State University, moderated by WAVY-TV. Miyares and Jones will participate in the Virginia State Bar debate in Richmond Oct. 16. Choosing to debate at all can be risky, particularly for frontrunners, said Karen Hult, a professor of political science at Virginia Tech. Candidates lose control over what they're asked and how their message is framed by viewers. And for Democrats, that risk might be painfully fresh. 'Everyone running for governor in Virginia has to be remembering what happened to the one-time frontrunner for the governorship in 2021, and that was former Gov. Terry McAuliffe, who had, one could argue, a disastrous debate appearance,' Hult said. 'What he had to say about public schooling in response to a question in many ways helped Gov. Youngkin not only get the momentum, keep momentum and then ultimately win the governorship.' In Hampton Roads, a recent poll from Old Dominion University found that nearly 48% of respondents said they planned to vote Spanberger compared with 27% who said they favored Earle-Sears. Statewide, a poll from Roanoke College found Spanberger ahead by seven points, a narrower lead than in previous months. When it came to a gubernatorial debate, Spanberger, a former congresswoman, cited a preference for Virginia broadcasters and issues over a national outlet like CNN. Earle-Sears, the state's lieutenant governor, said she had a scheduling conflict for the People's Debate. 'I also think perhaps Spanberger was a bit concerned that a national interviewer would keep trying to put the race in a national partisan context and try to highlight that when Spanberger was in the US House, she was one of the more conservative Democrats,' said Hult of the former Congresswoman's decision not to participate in the CNN debate. 'I think she didn't want to be put in the position of having to contrast herself over and over again with, for example, AOC or some of the other really visible national Democrats that might be brought up in a national debate-sponsored kind of setting.' That shift, and more success with fundraising, might be why Earle-Sears is more inclined to accept a debate invitation now, Hult said. 'Those things have changed pretty dramatically, so they now are on a little bit more equal footing arguably,' she said. 'Moreover, (Earle-Sears) has gotten a nod that the Republican president is supporting her running for office, and she also has the support of the entire statewide Republican party and a quite popular — by comparison to the president — Republican governor of the state of Virginia. I think all of those things make Earle-Sears think, well, now may be the time to accept a debate, but only in a particular location, and only at a particular time.' Meanwhile, the candidates for lieutenant governor, Democratic state Sen. Ghazala Hashmi and Republican former radio host John Reid, have no debates scheduled so far. Reid previously challenged Hashmi to 10 debates across the state. Hashmi's campaign said they would consider any formal debate invitations as they come in and as her schedule permits, but that they have yet to receive any official invitations from nonpartisan news outlets. Both campaigns said they were asked to participate together in a candidate forum on The Politics Hour, a weekly program on Washington, D.C. radio station station WAMU. Given all the candidates' arguments about debates, are they still relevant? 'We don't really have much evidence that they change many people's views on who to vote for,' Hult said. What they can do, she said, is mobilize people to turn out to vote — or to stay home. Early voting begins Sept.19. Election Day is Nov. 4. Kate Seltzer, (757)713-7881

Do Wall Street Analysts Like Leidos Holdings Stock?
Do Wall Street Analysts Like Leidos Holdings Stock?

Yahoo

time3 hours ago

  • Yahoo

Do Wall Street Analysts Like Leidos Holdings Stock?

With a market cap of $22.9 billion, Leidos Holdings, Inc. (LDOS) is a global science and technology leader serving government and commercial customers across defense, intelligence, civil, health, and international markets. The company delivers advanced solutions in areas such as cybersecurity, digital modernization, data analytics, systems engineering, and mission-critical operations worldwide. Shares of the Reston, Virginia-based company have outpaced the broader market over the past 52 weeks. LDOS stock has risen nearly 20% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 13.8%. Moreover, shares of the company are up 25.1% on a YTD basis, compared to SPX's 8.3% gain. More News from Barchart Should You Buy the Pullback in Palantir Stock Today? The Quantum Computing Race Is On: These 2 Stocks Appear Poised to Lead As SoFi Launches International Money Transfer Services, How Should You Play SOFI Stock? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Focusing more closely, the security and engineering company stock has also outperformed the Industrial Select Sector SPDR Fund's (XLI) 18.5% return over the past 52 weeks. Shares of Leidos climbed 7.5% on Aug. 5 after the company reported Q2 2025 adjusted EPS of $3.21, well above Wall Street's expectation. Revenue came in at $4.3 billion, topping estimates, and management raised its full-year adjusted profit forecast to $11.15 per share - $11.45 per share. Investor optimism was further supported by strong demand for Leidos' technical services and munitions amid ongoing global geopolitical tensions. For the fiscal year, ending in December 2025, analysts expect LDOS' adjusted EPS to grow 11.7% year-over-year to $11.40. The company's earnings surprise history is promising. It topped the consensus estimates in the last four quarters. Among the 18 analysts covering the stock, the consensus rating is a 'Moderate Buy.' That's based on 12 'Strong Buy' ratings and six 'Holds.' This configuration is more bullish than three months ago, with 10 'Strong Buy' ratings on the stock. On Aug. 6, Truist raised its price target on Leidos to $188 while maintaining a 'Buy' rating. As of writing, the stock is trading below the mean price target of $188.06. The Street-high price target of $209 implies a potential upside of 16.9% from the current price levels. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

MetaMask Joins Stablecoin Race With mUSD, Backed by M0 Protocol and Stripe's Bridge
MetaMask Joins Stablecoin Race With mUSD, Backed by M0 Protocol and Stripe's Bridge

Yahoo

time3 hours ago

  • Yahoo

MetaMask Joins Stablecoin Race With mUSD, Backed by M0 Protocol and Stripe's Bridge

MetaMask, the popular crypto wallet developed by Consensys, confirmed on Thursday it will debut its proprietary U.S. dollar token (mUSD) later this year, joining the booming stablecoin market. "MetaMask USD is a critical step in bringing the world on-chain," said Gal Eldar, product lead at MetaMask, in a blog post. Stablecoins, a type of cryptocurrencies pegged to external assets like the U.S. dollar, have grown into a $250 billion market, often touted as a faster, cheaper option for international payments. Interest in the sector has accelerated since U.S. President Donald Trump signed the GENIUS Act into law, setting new federal standards for stablecoin issuers. MetaMask's stablecoin project was already known to be in the works due to a prematurely posted governance proposal earlier this month. In the official announcement, the firm said that the mUSD token will be launched first on Ethereum (ETH) and Consensys-developed layer-2 network Linea, and closely integrated within the app and services. Users will be able to on-ramp fiat, swap between tokens, and move value across blockchains, with the stablecoin later becoming spendable through the MetaMask Card at Mastercard merchants worldwide. Further plans include extend utility across decentralized finance (DeFi) and payments. The token is issued by U.S.-licensed issuer Bridge, now part of payments giant Stripe, and underpinned by stablecoin platform M0's blockchain infrastructure. "With MetaMask USD, users can bring their money onchain, put it to work, spend it almost anywhere, and use it like money should be used," Eldar said. "It will allow us to cut through some of the most stubborn barriers in web3 and reduce both friction and costs for people onboarding directly into a self-custodial wallet." Custom stablecoin issuance MetaMask's stablecoin is the first example of the partnership between M0 and Bridge to help businesses roll out custom digital dollars. The two firms said on Thursday the partnership combines Bridge's regulatory and reserve management expertise with M0's blockchain infrastructure designed for application-specific stablecoins. The idea of application-specific stablecoins has been gaining traction as the market for digital dollars is booming with improving regulatory clarity. Payment applications, crypto wallets or DeFi protocols can create their own branded dollar token while outsourcing compliance, reserves and infrastructure to providers. For instance, Paxos issues PayPal's PYUSD token, while BitGo is behind the Trump-affiliated DeFi protocol World Liberty Financial's USD1. Earlier this month, U.S. fintech Slash launched its own stablecoin with Bridge. Partnering with M0 and Bridge, MetaMask can offer a built-in digital dollar for its users without managing the complex work of issuance, compliance and tech plumbing. Zach Abrams, co-founder and CEO of Bridge, said that they reduced the development time for custom stablecoin issuance from "more than a year of complex integrations" to "a matter of weeks. This means apps like Metamask "can realize benefits more rapidly and efficiently than ever before." With the partnership, M0 and Bridge are now seeking to replicate the work on MetaMask's token for more issuers. "Applications want to control their dollar infrastructure," M0 founder and CEO Luca Prosperi said in an interview with CoinDesk. "What is important is that they will not have to build it themselves." Read more: UPDATE (Aug. 21, 12:30 UTC): Adds MetaMask's official stablecoin announcement, updates headline and lede. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store