On November 27, 1969, the state announced that they received the lowest bid of $3,344,933.85 (1969 USD) for construction of the new bridge from a joint venture of Mason–Connor, Incorporated of Pennsauken and Thomas Construction of Albany, New York. The new bridge would be long and wide, with new approaches. Bridge Avenue on both sides would be turned into dead ends while the new Bridge Avenue alignment would fork off of Hollywood Avenue in Point Pleasant and Bay Avenue in Bay Head. The two supporting piers of the bridge would be apart from each other. Other bids ranged from $3,386,522–$4,318,141. At that time, NJDOT noted it was studying the low bid and a deal could be made in two weeks.