<P> The Golden Gate Bridge and Highway District , authorized by an act of the California Legislature , was incorporated in 1928 as the official entity to design , construct , and finance the Golden Gate Bridge . However , after the Wall Street Crash of 1929 , the District was unable to raise the construction funds , so it lobbied for a $30 million bond measure . The bonds were approved in November 1930 , by votes in the counties affected by the bridge . The construction budget at the time of approval was $27 million . However , the District was unable to sell the bonds until 1932 , when Amadeo Giannini , the founder of San Francisco -- based Bank of America , agreed on behalf of his bank to buy the entire issue in order to help the local economy . </P>
<P> The Golden Gate Bridge and Highway District , authorized by an act of the California Legislature , was incorporated in 1928 as the official entity to design , construct , and finance the Golden Gate Bridge . However , after the Wall Street Crash of 1929 , the District was unable to raise the construction funds , so it lobbied for a $30 million bond measure . The bonds were approved in November 1930 , by votes in the counties affected by the bridge . The construction budget at the time of approval was $27 million . However , the District was unable to sell the bonds until 1932 , when Amadeo Giannini , the founder of San Francisco -- based Bank of America , agreed on behalf of his bank to buy the entire issue in order to help the local economy . </P>
who paid to build the golden gate bridge
who paid to build the golden gate bridge
Bank of America
Bank of America