Mayor Winnecke says a new study shows the bridge could cost about $800 million. That's $600 million less than first thought.
Winnecke says this new estimate is partly based on the savings seen in St. Louis with the I-70 bridge.
"The 2008 estimate of $1.4 billion we believe is high," said Mayor Winnecke. "Now with what we've witnessed in St. Louis we really believe it's high, and so we have folks working to narrow to a more refined scope."
Mayor Winnecke and Henderson Mayor Steve Austin hope to have the bridge built by the year 2020. Both expect it to be a toll bridge. However, a price to cross the bridge hasn't been revealed.