Friday, February 17, 2006

C470 congestion nightmare

The state has no money to put more lanes in on C-470. It is a congestion nightmare at rush hour, and it is getting worse all the time. The government proposes:

Federal highway officials late last week approved an environmental study that recommends toll lanes as the "preferred alternative" for expanding capacity on C-470 between Interstate 25 and South Kipling Parkway, over the objections of many residents in the corridor and key Douglas County officials.

OK, I am cool with that at least as a short term measure to pay for building the lanes. But haven't they learned anything by the success of the public/private plan with E470?
Tolling gives CDOT an alternative way of paying for highway expansion. To build the toll lanes, the state toll authority would sell bonds to private investors and tolls collected over decades would pay back bondholders.
Don't sell bonds. Put out a bid request for private companies to build it and keep the revenues from the tolls through 2010 or 2012. The road will be built better and faster and most likely with less disruption to existing traffic.


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