controversy

Priceless tickets generate public lashing for Penn Pike (PLUS COMMENT)


A decision to omit the toll rate schedule from toll tickets to be issued from Jan 2 on the Pennsylvania Turnpike has produced an outpouring of criticism. State auditor-general Jack Wagner says he is "appalled" and has asked the Commission to reverse the move.

The state's auditor general said: "It seems like we're withdrawing from communicating with the public when it should be doing the opposite."

Pennsylvania Turnpike's cost of capital for Act 44 borrowings 5.08% vs 4.71% (ANALYSIS)


Pennsylvania Turnpike Commission (PTC) lead spokesman Timothy Carson and finance professors supporting the Commission have said repeatedly that the Turnpike Commission can borrow at significantly lower interest rates than a private concessionaire. Carson was quoted in a press release April 21 as claiming that $245m of Act 44 bonds sold at especially good interest rates.

Reason critique of 3-Profs report on Penn Pike - and the ensuing controversy


A Reason Foundation report on the Pennsylvania Turnpike by Robert Poole (Bob) and myself (Peter Samuel) has got some attention. Bob did all the work and I got all the controversy!

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