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A new press release declared the new date for the Georgia 400 toll to end. According to the release, Governor Nathan Deal announced thatthe state’s bond debt would be paid off by December 1, 2013. That would leave the Georgia 400 toll to be removed by the end of that year.
“When the Ga. 400 toll went up, the state of Georgia promised commuters that it wasn’t forever.
Ga. 400 commuters have paid more than their fair share already, and this is the earliest we can bring it down without paying a penalty for early repayment of the bonds,” Deal said.
Originally, the toll was scheduled to be removed after a 20-year period. In 2010, one year before the end date, the state issued renewed bonds tied to the toll revenue.
The $40 million bonds were planned to pay for road improvements, including a new connector between Ga. 400 and I-85. They were set to mature June 1, 2017. At the three-year mark (2013) Georgia can repay the bonds without facing any early payment penalties.
This proposal is still under consideration and approval by the State Road and Tollway Authority but looks to be already popular with Ga. 400 commuters.