Del. Tpk going private?
JAY HANCOCK - Del. might pick your pocket with I-95 lease - The SunA Baltimore columnist comes out against the privatization of the Delaware Turnpike (emphasis added):
Marylanders and other non-Delawareans would pay the inevitably higher I-95 tolls plus any other consequences of placing this economic lifeline in private hands. Leasing I-95 to some corporation would be the worst example yet of a pernicious national trend: transforming public utilities into private monopolies.Hancock pretty much hits the nail on the head, doesn't he? Though many toll authorities are problematic, I think the benefits of replacing them with private entities are probably short-lived. Hopefully privatization movements will scare the authorities enough for some reform.
Delaware needs billions to pay for road projects over the next six years.
It could raise money the old-fashioned way: by selling bonds. But that would cost taxpayers interest, and if there's one thing Delaware knows how to do, it's shield taxpayers from the consequences of state spending.
Labels: Northeast Corridor, Transportation
SHARE: 
Facebook | 
Del.icio.us | 
Digg | 
Technorati | 
Blinklist | 
Furl | 
Newsvine | 
Reddit it!
posted by WFY @ 5:42 AM | |
Post a Comment
