Spanish firm offers $12.8 billion to lease turnpike – The Inky
Gov. Ed Rendell released plans to lease the Pennsylvania Turnpike to a Spanish company. I still don’t understand how doing this makes sense other than providing an initial windfall. I hope it does not go through.
New Jersey and Delaware are thinking of doing the same thing to their turnpikes a. I hope it does not come to that because as Jay Hancock suggested, this is a “pernicious national trend: transforming public utilities into private monopolies.”
