UPDATE: The CHP has identified the deceased party:

The pedestrian who sustained fatal injuries in this collision is 32 year old Marcos Renteria of Hoopa, California.

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UPDATE: CHP reports that the driver has made contact:

The vehicle and driver from this morning’s vehicle versus pedestrian traffic collision have been located.  Today at approximately 1215 hours, the involved driver contacted the California Highway Patrol to report she believed she had been involved in an early morning traffic collision on US-101 south of the Herrick Avenue Overcrossing.  Subsequent investigation by the California Highway Patrol confirmed the involved driver was 27 year old, Meredith Q. Bayer of Rio Dell, CA, and the involved vehicle a 2000 Ford Crown Victoria.  This comprehensive investigation is ongoing and more information will be released when available. 

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California Highway Patrol press release:

On May 24, 2015, between the hours of midnight and 0400, a male pedestrian was struck by an Ford passenger vehicle in the southbound lanes of US-101 south of Herrick Avenue Overcrossing.  After the collision, the involved vehicle fled the scene in an unknown direction.  At approximately 0600 hours and upon daylight a citizen passerby observed a pedestrian down in the center divide just south of the Elk River Bridge.  Personnel from the California Highway Patrol - Humboldt Area responded to the scene, along with fire and ambulance personnel.  The pedestrian, whose name is being withheld pending family notification sustained fatal injuries as a result of the collision. 

The involved vehicle has been identified as a Ford passenger vehicle, possibly dark in color.  The vehicle sustained damage to the front end, hood, and possibly windshield.  The vehicle damage included broken front lighting equipment and it is missing the left side view mirror.

The  California Highway Patrol is seeking information from anyone who may have information regarding the involved vehicle, the involved vehicle occupant(s), or the circumstances of the collision.  Members of the public with information are requested to contact the CHP at the following numbers:

DURING REGULAR BUSINESS HOURS:  Contact the CHP - Humboldt Area office at (707)822-5981.

AFTER HOURS OR ON WEEKENDS:  Contact the CHP - Humboldt Communications Center dispatch at (707)268-2000.