In 2009, a $150 million replacement project began. According to the Virginia Department of Transportation, funds designated for planned work on the nearby Steel Bridge and on Dominion Boulevard (US 17), each also in Chesapeake, are being diverted to the Gilmerton project, which is more urgent. VDOT also has advised that motor vehicle traffic will be reduced to one lane in each direction during the estimated four years the project will take to complete. Completion of the new Gilmerton Bridge is slated for early 2014.
On September 9, 2008, a man tried to jump this bridge in a car while it was open as he was running from police. Chesapeake Police reported that the vehicle broke through a railing and landed in the Southern Branch of the Elizabeth River. The man was wanted on felony charges and was arrested and taken to a local hospital and treated for minor cuts.