The Million Dollar Bridge, more formerly known as the Miles Glacier Bridge was built in the early 1900s fifty miles from Cordova, Alaska. It is a cantileverbridge which completed a 196-mile railroad line for the Copper River & Northwestern Railway, built by J.P. Morgan and the Guggenheim family to haul copper from the old mining town of Kennicott, located in the Wrangell - St Elias National Park and Preserve, to the port of Cordova. It earned its nickname because of its $1.4 million cost, well recuperated because of the hundreds of millions of dollars in copper which could be shipped as a result of its construction.
2004 Repairs estimated to cost $14 million in federal and $3 million in state tax dollars begin. "I don't get it," said former Cordova Mayor Kelly Weaverling. "I hear we're going to have cut old folks homes and start taxing people in this state, and we're blowing millions of dollars on a bridge that's going to go nowhere. I think it's an incredible waste of money." 
Fact-index.com financially supports the Wikimedia Foundation. Displaying this page does not burden Wikipedia hardware resources. This article is from Wikipedia. All text is available under the terms of the GNU Free Documentation License.