Tony
Penultimate Amazing
- Joined
- Mar 5, 2003
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http://www.chron.com/cs/CDA/ssistory.mpl/metropolitan/3260459 ...full article
Not sure what to think of this.
The next road you travel — and pay a toll to use — could be privately owned.
Looking for ways to finance highway projects without hitting the public treasury, Congress appears set to pass a proposal to encourage private ownership of new toll roads.
The provision, part of the highway spending bill now being hammered out by a Senate and House conference committee, would allow private companies to raise up to $15 billion for highway projects with bonds that are exempt from federal income taxes.
While the proposal has broad support in Washington and the business community, the idea of private highways has incited grass-roots opposition in some states, with some saying the government — not a profit-seeking company — is the proper owner of the public's roads.
Not sure what to think of this.