Spanish firm offers $12.8 billion to lease Pa. Turnpike - GoFuckYourself.com

D Ghost · 05-20-2008, 07:39 PM

What do you Penn people think about this?

Quote:

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

AntDema · 05-20-2008, 08:07 PM

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

GatorB · 05-20-2008, 08:13 PM

Quote:

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.

TidalWave · 05-20-2008, 08:49 PM

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

baddog · 05-20-2008, 08:55 PM

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.

Ron Bennett · 05-20-2008, 09:04 PM

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

BusterBunny · 05-20-2008, 09:09 PM

"Under Rendell's plan, the Abertis/Citi consortium would lease the turnpike for 75 years"

jesus 75 years

tiger · 05-21-2008, 12:02 AM

Why do they need to lease it to run a toll road? Is it really that hard to manage a toll road themselves?

D Ghost · 05-21-2008, 12:19 AM

Hey what else can we sell off! Our courts or maybe our national parks?!

JFK · 05-21-2008, 12:43 AM

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

Ron Bennett · 05-21-2008, 02:08 AM

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

05-20-2008, 08:49 PM	#4
TidalWave Confirmed User Industry Role: Join Date: Sep 2007 Location: Los Angeles Posts: 2,706	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

05-20-2008, 09:04 PM	#6
Ron Bennett Confirmed User Join Date: Oct 2003 Posts: 1,653	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

05-20-2008, 09:09 PM	#7
BusterBunny perverted justice decoy Join Date: Aug 2005 Location: unborn still in the womb connected via blackberry Posts: 19,291	"Under Rendell's plan, the Abertis/Citi consortium would lease the turnpike for 75 years" jesus 75 years __________________ my sig caught gonoherpasyphilaids and died

05-21-2008, 12:02 AM	#8
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	Why do they need to lease it to run a toll road? Is it really that hard to manage a toll road themselves? __________________

05-21-2008, 12:43 AM	#10
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	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

05-20-2008, 08:07 PM	#2
AntDema Confirmed User Join Date: Nov 2007 Posts: 243	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

05-20-2008, 08:55 PM	#5
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,089	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.

05-21-2008, 12:19 AM	#9
D Ghost null Industry Role: Join Date: May 2006 Posts: 9,820	Hey what else can we sell off! Our courts or maybe our national parks?!

05-21-2008, 02:08 AM	#11
Ron Bennett Confirmed User Join Date: Oct 2003 Posts: 1,653	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