Wednesday, March 08, 2006

Major Moves

Even though it's expected, I can't believe the amount of controversy over Governor Daniels Major Moves plan...

The biggest stickler is the leasing of the Indiana Toll Road to a foreign company. I see flaws in the plan but I don't think it will be the end of life as we know it like the liberals would have you believe. (the democrats also say we're selling the road - they must not understand the difference between leasing and selling)

The democrats also say we're going to lose all the jobs associated with the road, do they really believe that all of those toll road employees will be gone...it will still be a toll road..and someone will have to work on it...do they really believe that the company will import all of it's own workers (would you travel thousands of miles to take a job collecting change in the middle of the highway?)

Things you don't know and probably wouldn't bother to find out on your own....

1. The company bidding on the lease for the toll road already manages major toll roads in the US (Chicago for one location)

2. A British company has run the Indianapolis Airport since 1995.

3. Nearly 900 International companies already employ 130,000 Hoosiers (Toyota, Subaru, FIA, etc.)

4. Seven other states are currently seeking to fund projects in this same way..there are only a limited number of companies that bid these type of projects..do we want the money or want other states to get it.

5. The road is not being sold, it is being leased and every facet of it's management is spelled out in the contract, including pothole repair standards and even how long before a dead animal is cleared from the roadway (8 hours).

6. Using bonding would not raise the funds needed and Hoosiers would be paying interest on the money received. By leasing, we will be earning interest from day one on the 3.85 billion dollar down payment on the lease (about 150 million in the first year).

7. The money from the toll road lease will be used to fund other transportation projects which is projected to employ another 130,000 Hoosiers.

Just some thoughts.......

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