America-Going-Out of Business Sale: ALL ASSETS MUST GO!....Today's item, the Penn. Turnpike

from Bloomberg:



Pennsylvania Offered $12.8 Billion by Citi, Abertis (Update1)

By Adam L. Cataldo

May 19 (Bloomberg) -- Pennsylvania officials said a $12.8 billion bid by Citigroup Inc. and Abertis Infraestructuras SA was the winner of a 75-year lease to operate and collect fares on the state's only toll road in what would be the biggest agreement of its kind in the U.S.

Rendell first proposed leasing the Turnpike last year and dropped his plan in the face of opposition from the Legislature. Rendell is a Democrat and his party controls the House of Representatives. Republicans control the Senate.

To fund transportation spending the Legislature passed and Rendell signed into law Act 44, which allowed the state to establish tolls on the 311-mile I-80. That road, which also runs east-west across the northern part of the state, is opposed by elected officials, including U.S. Representatives John E. Peterson and Phil English, both Republicans.

That opposition caused Rendell to revive his Turnpike leasing plan less than a month after signing the bill. Pennsylvania won't lease the Turnpike if putting tolls on I-80 is approved, Rendell has said.

The driver of a passenger vehicle pays $22.75 to travel 358 miles on the Turnpike from Pennsylvania's border with Ohio to the New Jersey state line. That trip will increase under the terms of the agreement set by the state to at least $36.40 in 10 years. .....(more)

The complete piece is at: http://www.bloomberg.com/apps/news?pid=20601087&sid=aoJuQlSfRjWw&refer=home

I thought the interstate was a Federal project...

the disasters, actually manufacture them

cheap used at Amazon

that we are selling off our country, piece by piece? Weren't we going to sell our ports to a foreign entity?

But of course there is.
BHN

but that begs the question, "if you're in control of port security, are you in control of the port"?

No guaranteed security = no movement of goods...

Americans are probably not saying anything about these things because they are possibly not being reported. When they are reported it is possible that someone is saying that nothing is wrong with the sale.

Possibly in the US.

there's locations that were built and then closed with new ones being built not far away. I do some metal detecting and saw it on a forum somewhere.

I say let somebody else do it.

:eyes: