The Nassau County Bridge Authority plans to market $10.9 million of tax-exempt bonds to retail investors on Wednesday to rehabilitate a draw bridge on Long Island. Institutional pricing is expected to follow on Thursday.
The Atlantic Beach Bridge is one of four connecting the barrier island communities of Atlantic Beach, Long Beach and Lido to the main island. Spanning the Reynolds Channel, it is the closest bridge on the island to New York City and is a thoroughfare for commuters, commercial traffic and summer beach goers. The bascule bridge allows oil barges to deliver fuel to Long Island.