Each path carries continuing facility, service, property, debt, and transition exposure. Current condition and terminal evidence remain incomplete, so no path can be described as ending cleanly or transferring all risk.
The relationship to hold onto
The comparison continues after a project opens—or does not open.
During the horizonOperations, bridge, renewal, debt, and transition continue.
→At Year 30Remaining assets, rights, obligations, and debt are recognized.
→Beyond the headlineCustody, access, reversion, and future renewal still matter.
Historical evidence
The 2021 CNA cannot settle current exposure
A current inspection, program requirements, bridge reconciliation, feasibility work, useful lives, and scope basis are still required.
Transfer boundary
Agreement, control, and deed are separate
Operating responsibility does not automatically change ownership; ownership transfer does not automatically resolve liabilities, access, or reversion.
TodayExisting asset and service
→
Years 0–29Bridge · project · operating · renewal · debt
→
Year 30Assets + rights − obligations − remaining debt
Current facility evidence needed
Roof and envelopeCURRENT SOURCE NEEDEDHVAC and indoor airCURRENT SOURCE NEEDEDElectrical and life safetyCURRENT SOURCE NEEDEDAccessibility and program fitCURRENT SOURCE NEEDEDSite and drainageCURRENT SOURCE NEEDEDTechnology and securityCURRENT SOURCE NEEDEDCompleted work since 2021CURRENT SOURCE NEEDEDTemporary operations and continuityCURRENT SOURCE NEEDED
Facility interestEvidence required
Land / site interestEvidence required
Access or use rightsEvidence required
Residual useful lifeEvidence required
Remaining debtEvidence required
Deferred renewalEvidence required
Transition / exit dutyEvidence required
Reversion or other obligationEvidence required
See the workbook connection and limits +
Workbook binding: WMS Lifecycle Exposure!A1:L45; WMS Terminal Position (48 records)
Eight terminal components are carried for each of six paths.
Terminal values do not enter annual cashflow before Year 30.