Leasing plan would hike Florida road tolls
Source: The Associated Press (FL), 11/26/2007
Faced with a $2.5 billion budget shortfall over the next two years, Florida officials are considering selling 50-year leases on Alligator Alley and other state toll roads and bridges in exchange for large sums of cash from private investors.
In a preliminary study, the Florida's Department of Transportation estimated a 50-year lease on Tampa's Sunshine Skyway Bridge could be worth $1.3 billion if investors were allowed to set tolls at ''market rates.'' Alligator Alley could bring in $1.3 billion as well, according to the estimates.