Speed Trap Hunter Forum: Best Radar Detectors, Laser Jammers, Laser Detectors, Speed Cameras Forum  

Go Back   Speed Trap Hunter Forum: Best Radar Detectors, Laser Jammers, Laser Detectors, Speed Cameras Forum > Speed Trap & Traffic Enforcement > Economics & Politics
Radar Detectors Forum Logon:


Economics & Politics Discussion of the economic and political market driving factors of automated enforcement technology.

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 2009-07-09
NMA Reporter NMA Reporter is offline
Senior Member
 
Join Date: 2008 Feb
Posts: 125
NMA Reporter is on a distinguished road
Exclamation Colorado: City Launches Website to Stop Toll Road

Article: Colorado: City Launches Website to Stop Toll Road

Jefferson Toll AuthorityGolden, Colorado wants nothing to do with toll roads. Last month, the city sent a 48-page report to investment firms that had expressed interest in being part of a tolled beltway project near Denver. The city warned that this would be an unwise investment and even set up a website, ReallyBadDeal.org, to outline the case against the toll road.

"We are committed to informing the public, especially when it comes to issues that will deeply affect our communities like the proposed Jefferson Parkway plan," the site explains. "Golden took this unusual step because it is concerned that Jefferson County and the cities of Broomfield and Arvada have become fixated on the fantasy of luring a private investor to underwrite the cost of the Jefferson Parkway. As a result, these local governments are not focusing on realistic transportation solutions needed to ease the region's congestion."

The city commissioned the financial analysis firm CRA International to conduct a review of the tolling plan. The city is so confident in the financial analysis that it will contribute $10,000 to any investor interested in hiring an independent review firm to offer a second opinion.

The report shows that toll revenue would not cover the full construction costs of the proposed project, mostly because by 2030 the total amount of daily traffic would not exceed 15,000 automobiles -- a low figure by highway standards. The primary reason for low volume is that the proposed route does not connect common destinations. Optimistic forecasts are nothing new in Colorado. The E-470 toll road forecasts have already been 40 percent below expectations.

"Given the financial, legal and political risks, this is an especially poor investment prospect," the city explained in its letter to investors. "It maximizes possible risk to investors and provides little or no potential return."

The report also challenges the Jefferson Parkway Public Highway Authority's construction cost estimate of $200 million to finish the project by citing Colorado Department of Transportation figures that show $431 million would be more accurate. Based on the revised construction cost, maintenance expenses based on the figures from nearby toll roads and traffic expectations, the toll road would see net operating loss of $6.5 million by 2013.

"Under these circumstances, it cannot be assumed that a rational investor would incur both the revenue risk and the construction cost risk associated with this project," the report concluded.

A copy of the full report is available in a 500k PDF file at the source link below. Source
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply



Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Colorado: City Dumps Camera Plan Over Revenue Concern NMA Reporter Economics & Politics 0 2009-07-07 13:25
Why Haven’t Toll Road Charges Been Reduced? NMA Reporter NMA Articles 1 2009-05-04 01:03
Toll Road Values Plunge NMA Reporter Economics & Politics 0 2008-12-18 15:20
Illinois Plans Toll Road Within a Toll Road NMA Reporter Economics & Politics 0 2008-10-16 09:30
New Virginia Toll Lanes Designed to Create Congestion NMA Reporter Economics & Politics 0 2008-07-10 19:51


All times are GMT -4. The time now is 17:23.


©2019 SpeedTrapHunter