Other regional blogs
Follow the Money - Local Politicians Campaign Contributors
Sunday, November 24, 2013
Road most traveled: Study advocates high-speed rail on Texas highways
Tuesday, November 5, 2013
Sunday, October 20, 2013
First foreign-owned toll road in Texas downgraded to junk bond status
One of the drivers behind the push to build SH 130 was the anticipated influx of truck and trade traffic due to NAFTA. It was part of the Trans Texas Corridor TTC-35 project and the only segment of the corridor to ever be built. Texas Governor Rick Perry and state lawmakers pulled the plug on the politically unpopular project in 2009 when Texans went nuclear over the massive size (originally 1,200 feet wide - of three times the size of an normal interstate) and hence the giant land grab using eminent domain for private profits as well as the concept of foreign-ownership of its public highways.
Texas taxpayers have already subsidized the privately-operated tollway through advertising and buying down a one-year truck toll rate reduction announced at the beginning of the year. Texans have also paid for new signage along Interstate 410 and Interstate 10 to entice travelers to use the privately-run tollway.
The failure of Texas’ first public-private venture demonstrates the folly of utilizing P3s for public infrastructure. Taxpayer money is always involved and therefore the potential for taxpayer bailouts is always looming. Throw in the fact that they contain non-compete clauses that limit or prohibit the expansion of free roads surrounding the private tollways, and P3s directly threaten one’s freedom of mobility.
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A government big enough to give you everything you want, is strong enough to take everything you have. - Thomas Jefferson