Va Port Authority board OKs new director contract

Check out the following article on the latest in transportation news in Hampton Roads:

NORFOLK, Va. (AP) -- The Virginia Port Authority's governing board has approved a new contract for its executive director that includes a 16 percent pay increase. The Virginian-Pilot reports that Jerry Bridges' pay will increase from $301,600 to $350,000 under the six-year contract approved Tuesday by the authority's Board of Commissioners. The new contract also increases incentive pay if certain benchmarks are met from $90,480 to $175,000. The contract is effective Feb. 5 and runs through Feb. 4, 2017, with a one-year extension.