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Resource ID: #23024
Subject: Transportation
Source: Denver Post
Affiliation: 
Date: 05/28/2006; 05/29/2006; 05/30/2006

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Description

An analysis of 23 modern toll road projects in Colorado, Texas and South Carolina "found that most badly missed revenue projections in their opening years, leading one to fail and others to either flee default or refinance at less favorable terms." The expected amount of traffic never materialized, causing the shortfall. Further, some of those responsible for the optimistic projections had a financial interest in seeing the roads completed.

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