Spanish firm offers $12.8 billion to lease Pa. Turnpike

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  • D Ghost
    null
    • May 2006
    • 9819
    #1

    Spanish firm offers $12.8 billion to lease Pa. Turnpike

    What do you Penn people think about this?
    A Spanish toll-road operator won the bidding war to operate the Pennsylvania Turnpike, offering $12.8 billion for a 75-year lease, Gov. Rendell said today.
    http://www.infowars.com/?p=2257
    Tags: None
    • AntDema
      Confirmed User
      • Nov 2007
      • 243
      #2
      Fantastic..

      We pay for the Turnpike with our tax dollars.. Then the government leases it out to a company owned by the king if Spain lol.

      Now.. Will we ever see a dime from the 12.8bill.. Fuck no.. Should we? Damn right.. They are profiting from our tax dollars..

      Times are good ey
      ICQ. 451-989-846 // E. anthonydemaria101(at) gmail.com

        Comment

        • GatorB
          The Demon & 12clicks
          • Oct 2001
          • 18208
          #3
          Originally posted by AntDema
          Fantastic..

          We pay for the Turnpike with our tax dollars.. Then the government leases it out to a company owned by the king if Spain lol.

          Now.. Will we ever see a dime from the 12.8bill.. Fuck no.. Should we? Damn right.. They are profiting from our tax dollars..

          Times are good ey
          And being a toll road you can feel good that money you pay is going to Spain.

            Comment

            • TidalWave
              Confirmed User
              • Sep 2007
              • 2706
              #4
              did you read? the 1.1 billion per year received will be used for other PA road projects.
              obviously the 12.8 billion isnt paid upfront, its spread over several years... what looks like 10 years
              www.SwiftNode.com

                Comment

                • baddog
                  So Fucking Banned
                  • Apr 2001
                  • 107089
                  #5
                  Forget what country owns the toll roads in Indiana, but I think if you ask the average Hoosier they would not agree that it was a good idea.

                  I can't even believe I have to pay to drive on them. At least when I hit a toll road in CA it is a nice road.

                    Comment

                    • Ron Bennett
                      Confirmed User
                      • Oct 2003
                      • 1653
                      #6
                      And worse, the PA Turnpike (I drive it all the time) is not that well maintained now.

                      * Rough road surface in many sections compared to what one would expect for a toll road.

                      * Perputual construction - very little seems to gets done ... ie. Exit 326 (formerly #24) Valley Forge interchange has been under contruction for years!

                      * Disabled cars sit on the side for days, to sometimes ever over a week.

                      Anyways, toll roads should be outlawed, not encouraged - the U.S. system is going backwards to become what it was about a century ago of numerous toll roads.

                      Rambling on...

                      Bottom line is that folks will be paying MUCH MORE to drive the PA Turnpike if it's ever "leased out"...

                      While it's true a private company might find some savings, there's no way they'll find enough to cover both operation expenses and generate a profit ... thus massive toll increases are inevitable.

                      Ron
                      Domagon - Website Management and Domain Name Sales

                        Comment

                        • BusterBunny
                          perverted justice decoy
                          • Aug 2005
                          • 19291
                          #7
                          "Under Rendell's plan, the Abertis/Citi consortium would lease the turnpike for 75 years"

                          jesus 75 years
                          my sig caught gonoherpasyphilaids and died

                            Comment

                            • tiger
                              Confirmed User
                              • Apr 2002
                              • 6986
                              #8
                              Why do they need to lease it to run a toll road? Is it really that hard to manage a toll road themselves?

                                Comment

                                • D Ghost
                                  null
                                  • May 2006
                                  • 9819
                                  #9
                                  Hey what else can we sell off! Our courts or maybe our national parks?!

                                    Comment

                                    • JFK
                                      FUBAR the ORIGINATOR
                                      • Jan 2002
                                      • 67369
                                      #10
                                      if you live there, try and protest! its a total rip off of the taxpayers. They sold one off here in Ontario, nothing but price increases ever since and if you dont pay the toll, the gov will suspend your license. So they are even doing collections for them

                                      FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX
                                      For promo opps contact jfk at fubarwebmasters dot com

                                        Comment

                                        • Ron Bennett
                                          Confirmed User
                                          • Oct 2003
                                          • 1653
                                          #11
                                          Oh, but it gets even worse - often when a toll road is "sold off" (long-term lease), often there are provisions in the contract stipulate a non-compete zone of many miles on either side of the toll road...

                                          Often roads with parallel routes within X miles of the toll road are not permitted to be improved beyond a certain level - can't be converted to limited access highways, etc.

                                          Oh, and if there already are existing limited access highways nearby, typically extra restrictions (even outright bans) are added for trucks, speed limits lowered, cross-traffic introduced, etc.

                                          Ron
                                          Domagon - Website Management and Domain Name Sales

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