The Waldo–Hancock Bridge was noted at the time for its economy of design and construction. It cost far less than had been appropriated by the State Highway Commission, which enabled the construction of a second bridge between Verona Island and Bucksport. When opened in 1931 the bridge collected tolls used to retire the bonds issued to finance its construction. All tolls were lifted twenty-two years later on October 31, 1953, however, when those original construction bonds were paid off. Original tolls ranged from 10¢ for "one or two horse vehicle including driver" to 50¢ for "auto truck or tractor over 26,000 pounds".