Business Services Industry
Turnpike lease could energize Ohio's economy.(Viewpoint essay)
Crain's Cleveland Business, February, 2007 by Seney, James
Byline: JAMES SENEY Let's begin with the bottom line, because you have to admit it's an attention-grabber: $4 billion to $6 billion. That's how much Ohio could expect to receive in exchange for leasing the Ohio Turnpike to a private operator. Four to six billion dollars, free and clear.
A windfall like that could fund economic development projects, infrastructure improvements and job-producing grants and loans. The bulk of it would be spent in the northern tier of Ohio, because drivers here have been paying the tolls for years. Leasing the turnpike could be just the jolt our battered economy needs to recover its footing. Our neighbors are already figuring that out. Indiana walked away with $3.8 billion and Chicago pocketed $1.83 billion after...
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