JAY HANCOCK – Del. might pick your pocket with I-95 lease – The Sun
A 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.
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.
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.
