Quote by Steve Hogan, Executive Director of the Northwest Parkway Highway Authority

" Northwest Parkway CO starts short of traffic but growing well ", Tollroad News 5-07-2004

Traffic is "so little on Sundays you could roller skate on it safely."

Speakout column by Rob Medina

" State Wasting Money on Beltway " Speakout column in the Rocky Mountain News August 21, 2005.

"Has anyone checked the financial health of the Northwest Parkway through Broomfield lately? They're losing money because there are not enough people willing to drive it."

Speakout column by Arvada City Councilor Councilor Lorraine Anderson

"Mayor Karen Stuart of Broomfield, the chairman of the Parkway Board of Directors, clearly debunks Medina's idea that the Northwest Parkway is losing money. She reported recently that more than 12,000 vehicles a day are using the parkway and that they have just recently seen the 5 millionth user pass through the toll gate."

Letter by CINQ President Tom Atkins

" Northwest Parkway backer can't hide facts ", Letter to the editor, Rocky Mountain News September 7, 2005

"A visit to the parkway's own documentation and Web site supports Medina: First year (2004) traffic and revenues were under forecasts by more than 60 percent. If I were holding any of these bonds, I'd be as nervous as Anderson and the rest of Arvada City Council, who are depending on traffic from the Northwest Parkway to justify building Arvada's own toll road."

Letter by Steve Hogan, Executive Director of the Northwest Parkway Highway Authority

" Setting record straight on Northwest Parkway ", Rocky Mountain News September 28, 2005

"Atkins is incorrect in his assessment of Northwest Parkway finances. We are currently experiencing a period of exciting growth on the Northwest Parkway. The Parkway just recorded its 5 millionth toll transaction since it opened for full tolling in January of 2004, and usage of the Parkway is 40 percent higher than it was at this time last year. This misinformation put forth by Atkins is an example of emotions getting in the way of real facts."

Public release by Fitch Rating, one of the key bond rating companies for the Northwest Parkway bonds

" Fitch Places Northwest Parkway, Colorado, 'BBB-' on Rating Watch Negative ", Business Wire, October 3, 2005

"If Northwest Parkway is unsuccessful in implementing a plan to restore fiscal stability within the next few months, Fitch expects to likely downgrade the rating on the senior revenue bonds. Fitch's action reflects continuation of significantly lower than expected traffic and revenue trends that are not consistent with the current rating without a debt restructuring. toll revenues for this year are likely to come in at 50%-55% of forecast, indicating an increased divergence from forecast."

Rocky Mountain News Story

" Toll road bonds in danger of 'junk' label ", October 8, 2005 by Kevin Flynn

"In a 2001 traffic forecast, Northwest Parkway - which stretches from the Boulder Turnpike in Broomfield to connect with the E-470 tollway at Interstate 25 - was predicted to carry 30,236 vehicles a day in 2004, its opening year, and produce $12.3 million of revenue. Instead, its daily average was 7,479 vehicles, and it took in $6.3 million. Traffic has been growing lately. Last month the daily average was 10,703 vehicles. Put in perspective, that's about the same level of traffic that passes through the quiet intersection of West 10th Avenue and Perry Street in Denver's Villa Park neighborhood."

Projected 2004 traffic (total toll transactions)

9.65 million

Projected 2004 traffic (after factoring for "ramp-up")

4.84 million

Actual 2004 traffic

2.73 million

Projected 2004 revenue

$12.64 million

Projected 2004 revenue (after factoring for "ramp-up"):

$6.32 million

Actual 2004 revenue

$4.2 million