Ohio Governor Plans to Lease Turnpike for $1 BIL

Ohio Boosts Turnpike Fees through 2018
Originally posted at OOIDA Land Line
Originally posted at Land Line Magazine online.

With the Ohio Turnpike being one of the most-traveled highway systems in North America, the announcement today comes as a bit of a shock for commercial drivers through the Rust Belt.

Originally posted by David Tanner at Land Line.

“They’re taking the easy way out, but unfortunately, the easy way out is the one that hurts motorists the most,” said OOIDA Director of Legislative Affairs Ryan Bowley. “This money would go to a private entity to guarantee its profit for decades.”

Kasich says he’s closing in on a deal to lease the 241-mile Ohio Turnpike to private investors, possibly for as little as $1 billion according to The Columbus Dispatch. That’s a far cry from the $3 billion he estimated last year and much lower than the $3.85 billion that the Daniels administration took in for the Indiana Toll Road.

Find out more about changes to the Ohio Turnpike lease at Land Line.