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The 495 HOT Lanes were built through a public/private partnership. The private consortium, who paid for the expansion, received toll collecting rights from Virg
by pekingkuck 10y ago
The 495 HOT Lanes were built through a public/private partnership. The private consortium, who paid for the expansion, received toll collecting rights from Virginia for the next 80 years. A for-profit has absolute control over this regressive tax...
"The companies, which will finance all but $409 million of the project, have an 80-year agreement that will allow the partners to collect tolls from motorists who use the lanes." [1]
[1] http://www.washingtonpost.com/wp-dyn/content/article/2007/12/20/AR2007122002733.html http://www.washingtonpost.com/wp-dyn/content/article/2007/12...
- sp332 10y agoOk, so a company has been delegated the authority to levy tolls. But the authority comes from the government.