Turnpike economics

Turnpike economics - The Boston Globe

The roof caved in on a turnpike tunnel after massive bolts, held in place with super glue, failed. The question now: Is the financing of the Massachusetts Turnpike Authority any more secure?...

That deal is a window into how turnpike finances were managed -- for today, not tomorrow. Maintenance costs and debt service are up, the contingency fund is down, and revenue from the swaptions and money set aside from the sale of Allston property to Harvard is running out. Tolls are scheduled to rise 25 percent in 2008 along with the end of the toll discount program. That's just what we know -- so far.