Turnpike lease plans bring fears of toll hike

Associated Press

TOLEDO

Leasing Ohio’s busy toll road that links the East Coast with the Midwest has the potential to bring billions of dollars to the cash-strapped state. It also could bring higher tolls and drive more traffic onto routes that meander through small towns, opponents say.

The governor wants to lease the Ohio Turnpike to a private operator, following the lead of a handful of states and cities that have pocketed cash for their toll roads in recent years. Governments strapped by the Great Recession also are turning to selling off and leasing office towers, warehouses and prisons.

“We can get a big chunk of money that can be used to improve our infrastructure in the state,” Ohio Gov. John Kasich said Friday during a news conference. “Indiana did it. Indiana made a lot of progress.”

Neighboring Indiana last week marked the five-year anniversary of its $3.8 billion lease of the Indiana Toll Road to foreign investors. The state has spent much of the money on highway projects and put $500 million into an investment fund for future road construction.

Chicago leased an 8-mile highway for nearly $2 billion five years ago, and an Australian company bought a 99-year lease on Pocahontas Parkway in Virginia. But a plan to lease the Pennsylvania Turnpike fell through in recent years, in part because of fierce opposition from state and federal lawmakers.

Ohio’s new budget allows the state to lease nearly all of Interstate 80, which carries about 50 million vehicles each year across northern Ohio from Pennsylvania to Indiana. It also gives the state’s legislature some control over any potential deals after concerns were raised about whether a new owner would take care of the highway.