Twitter Updates

    follow me on Twitter

    Become a Fan

    « Why Others Have No Debt, Or Less Debt ... | Main | Fitch Downgrades Capistrano's Bond Rating »

    April 28, 2011

    TrackBack

    TrackBack URL for this entry:
    http://www.typepad.com/services/trackback/6a00e553809d93883301538e2edfa2970b

    Listed below are links to weblogs that reference Report: 73 Toll Road Not Doing So Well ...:

    Comments

    Feed You can follow this conversation by subscribing to the comment feed for this post.

    Clint Worthington

    It was originally financed for 30 years and at 30 years it was unable to pay the bills. So, the brilliant decission was made to refinance it for 40 years. It still could not pay the bills, so this Toll Road received a cash infusion from the other Toll Road so it did not default on the bonds.

    Now, they want to refinance it another 6 years. Wow, what a boondoggle.

    The comments to this entry are closed.

    Our Blogs