STUART — The City of Stuart could be forced to give up more than $130 million in federal funding for the replacement of its nearly 100-year-old St. Lucie River Drawbridge if regulators do not approve how the project is financed, according to the city’s finance director.
The city was previously awarded a federal “mega grant” worth about $130 million to help fund the replacement of the aging rail bridge, which carries trains over the St. Lucie River.
“The city had applied for as a co-applicant with Florida Inland Navigational District and been awarded the mega grant, which was approximately $130 million that was related to this project to replace the hundred-year-old train bridge,” finance director Louis Boglioli said…