Florida Road Wage
Posted by on Friday, September 14th, 2007 at 12:59am.Florida roads soon could be up for bid, according to “Land Line”, a business magazine aimed at those in the trucking industry. Florida Gov. Charlie Crist said he is considering turning some highways over to private groups, in hopes of plugging a $1.1 billion hole in the state budget.http://www.dot.state.fl.us/ “I don’t know if it’s good or bad at this point, but I think it’s important to continue to be innovative,” Crist told The Associated Press. Privatization of certain roadways in Florida could help rebalance the state’s $71 billion budget. Officials say the shortfall is because of lower tax revenue caused mainly by a slump in the housing market.
Gov. Crist signed a bill into law this spring allowing the Florida DOT to lease most toll roads in the state to private groups. Leases would be limited to 50 years, though the new law would leave room for the possibility of much longer leases. It also allows private groups to build and operate new roads. It is estimated that leasing Alligator Alley could be worth $3 billion for the state. The Pinellas Bayway could bring in $6 billion while the Sunshine Skyway could raise $8.2 billion.
If you are in the market for buying real estate in Boca Raton, contact us today.
Gov. Crist signed a bill into law this spring allowing the Florida DOT to lease most toll roads in the state to private groups. Leases would be limited to 50 years, though the new law would leave room for the possibility of much longer leases. It also allows private groups to build and operate new roads. It is estimated that leasing Alligator Alley could be worth $3 billion for the state. The Pinellas Bayway could bring in $6 billion while the Sunshine Skyway could raise $8.2 billion.
If you are in the market for buying real estate in Boca Raton, contact us today.
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