Rocky Mountain News
November 26, 2007
Letters to the Editor
State should steer clear of failed tollways
It is mind boggling for Republican legislators to propose that the State of Colorado bid on failed private toll roads ("Highway upkeep a hot potato," Nov.13). Have they not been paying attention to Broomfield's sell out to a foreign corporation (Brisa) because the Northwest Parkway was going belly up? It now appears that the City of Broomfield is being "encouraged" (I think they get a $40 million payoff) to help sell "extending" the tollway through Arvada and Golden. Broomfield has also agreed to a "no compete" which basically means that they will not maintain or build roads that might give drivers a free road to drive on.
It is more than ironic that our GOP legislators announce this bad idea in the same month that Standard and Poor's downgraded the credit rating of Brisa, the Portuguese company that was awarded the right to run the Northwest Parkway (and raise tolls for profit) for the next 99 years.
The GOP legislators say that Colorado should be able to profit from these deals. But those profits may be elusive, especially for a toll road that has consistently fallen way short of traffic and revenue projections as the Northwest Parkway has.
We do not want see our state tax dollars going into these kinds of deals with private corporations.
Tom Hoffman, Golden
Hildegard Hix, Arvada
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