Hat tip to a reader who pointed me to a three-part series in the Denver Post about toll roads that fail to meet revenue projections.
The series title is “Truth be Tolled.”
The consequences include the need to refinance construction bonds, and perhaps more invidiously, an incentive to allow more development so the road fills up and revenue goals are hit!
2 responses to “Toll Discontent”
I’m going to have to do some digging, but as I recall toll roads in the U.S. over a couple of hundred years of history have not made money. I recall reading that they were primarily built to encourage development, which given our history would have been obvious.
M.W.
I’m going to have to do some digging, but as I recall toll roads in the U.S. over a couple of hundred years of history have not made money. I recall reading that they were primarily built to encourage development, which given our history would have been obvious.
M.W.