Taxpayers and Bondholders Beware of the Toll Road Bandits!
Excerpts of particular interest:
"New toll roads have been a bonanza for consultants, but not for bondholders."
"But with revenues coming in at 45% less than the forecasts, Osceola County is ultimately on the hook for millions of dollars to cover the shortfall. "No one would have entered this transaction were it not for URS," says C. Ray Maxwell, director of planning and finance for Reedy Creek."
Complete story here: http://www.forbes.com/forbes/2001/0903/046_print.html
"New toll roads have been a bonanza for consultants, but not for bondholders."
"But with revenues coming in at 45% less than the forecasts, Osceola County is ultimately on the hook for millions of dollars to cover the shortfall. "No one would have entered this transaction were it not for URS," says C. Ray Maxwell, director of planning and finance for Reedy Creek."
Complete story here: http://www.forbes.com/forbes/2001/0903/046_print.html
posted by Richard Reeves at 12:45 PM
0 Comments:
Post a Comment
<< Home