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Recent Research and Commentary

NYC Parking Under Bloomberg: Bright Potential, Blighted Past

February 3, 2012, 7:41pm

Harris Kenny

This morning Juan Gonzalez of the New York Daily News writes: "The firm that built and manages the new Yankee Stadium parking garages can’t repay $237 million in tax-exempt bonds the Bloomberg administration arranged for it four years ago, new financial records show." However, there is a kernel of optimism in that the Mayor's office is considering leveraging additional city parking assets that actually would create value for residents and motorists.

Virginia Needs to be Cautious and Not Ruin Its Public-Private Partnership Track Record

February 2, 2012, 10:50am

Robert Poole, Shirley Ybarra

Virginia is considered one of the leaders in public-private partnerships since the passage of the Public Private Partnership Act of 1995 (PPTA). But two bills being considered in the state's legislature could change that track record.

Virginia's High Occupancy Toll (HOT) Lanes Changed to 'Express Lanes'

An in-depth look at the highway project
February 1, 2012

Shirley Ybarra

Reason Foundation Senior Transportation Policy Analyst Shirley Ybarra outlines the history leading up to Virginia's Express Lanes project.

 

Florida Toll Agencies Should Not Be Consolidated

OOCEA and THEA need to become fully independent, self-supporting local toll authorities, like MDX
January 30, 2012

Daryl Fleming, Robert Poole

The 2011 Florida legislative session saw several proposals that would have consolidated some or all of the local toll authorities into the Florida Turnpike Enterprise (FTE). Later that year, a Work Group of the Government Efficiency Taskforce (GET) produced a report calling for most of the functions of the local toll authorities of Orlando (OOCEA) and Tampa (THEA) to be consolidated with FTE. The purpose of this study is to assess the arguments for and against the consolidation of toll agencies in Florida.

Our Reason Foundation project team carried out a review of how toll roads and bridges are provided in Florida. Since most of the focus of consolidation proposals is on local toll authorities (LTAs) in the state’s major urban areas, we reviewed how other fast-growing states are using toll finance to add modern toll facilities to their urban expressway systems. We also reviewed two relatively recent toll agency consolidations, in New Jersey and Massachusetts. And we also analyzed the GET Work Group’s estimate of $24 million in annual cost savings from consolidation of OOCEA and THEA with FTE.

New at Reason: Maryland Announces $456m PPP to Redevelop and Operate I-95 Travel Plazas

January 27, 2012, 2:16pm

Leonard Gilroy

In my new Reason.org article today, I explore Maryland's newly announced public-private partnership (PPP) for the redevelopment and operation of two I-95 travel plazas.

Maryland Announces $456m PPP to Redevelop and Operate I-95 Travel Plazas

Deal a win-win for taxpayers, business, state
January 27, 2012

Leonard Gilroy

Earlier this week, the Maryland Transportation Authority (MDTA) announced that it had approved a 35-year public-private partnership (PPP) for the redevelopment and operation of two I-95 travel plazas. The deal could be a win-win for taxpayers and the state.

California’s Employment Dysfunction

January 23, 2012, 4:54pm

Harris Kenny

The Bay Area Council Economic Institute recently published a report that offers substantive solutions for the Golden State that show another economy is possible if policymakers are willing to partner with the private sector.

Transportation Funds Should not be Used for Economic Development Purposes

January 19, 2012, 10:16pm

Baruch Feigenbaum

Many infrastructure projects are sold to taxpayers as transportation projects. However, often these projects are economic development projects masquerading as something else. Taxpayers deserve the truth. Transportation referendums should support projects that move people from point A to point B.

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