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Archive for September, 2008

Counties hire PR firms to push road bond packages

Tuesday, September 23rd, 2008

Link to article here. Counties are following in TxDOT’s footsteps using taxpayer money to lobby, and now to push road bond packages on voters. Who’s going to hold them accountable? The taxpayers at the ballot box. TURF’s lawsuit to stop TxDOT’s illegal lobbying is pending appeal. It’s clear the establishment, the Legislature, the courts, and […]

Indiana to pay Cintra lost toll revenue due to hurricane flooding

Monday, September 22nd, 2008

Link to article here. Never doubt that corporations will get their money, even in the midst of a natural disaster. Yet again, the taxpayers are on the hook for something they have absolutely no control over…hurricanes! So much for corporate benevolence! State must pay waived toll road fees The Associated Press September 22, 2008 MUNSTER, […]

AIG bailout forebodes next big crisis…toll road deals gone south

Monday, September 22nd, 2008

Link to article below here. See related story here. See article warning of limited financing and limited profits for toll roads here. The bailout of private industry by the U.S. taxpayer has stirred-up unparalleled outrage among the grassroots. By hook or by crook, the federal government is aiding and abetting corporate greed that repeatedly runs […]

Credit crunch effects Texas toll roads

Friday, September 19th, 2008

Link to article here. When you read Cintra’s reaction to this news, that the North Texas Toll Authority is overextended financially and may not be able to meet its obligations, it’s not hard to predict where the wind is blowing on toll roads. Despite the near total collapse of the financial markets and subsequent government […]

Ogden sells out urban commuters in effort to quell TTC opponents in his district

Friday, September 12th, 2008

It must be election season and the signs show incumbents are feeling the heat. Senate Finance Committee Chair, Steve Ogden, makes it plain that he plans to vote to toll urban areas as long as the Trans Texas Corridor doesn’t come through his district. Can you say, backroom deal? He’s voted for every major piece […]

More bad news for toll roads: traffic on Cintra’s toll roads down

Thursday, September 11th, 2008

Link to article here. It seems the bad news just keeps comin’ for toll roads and toll operators. We’ve been warning for years that increasing the cost of transportation hurts the economy and the evidence is now EVERYWHERE. There’s only so much money in the family budget to devote to transportation before it takes away […]

Federal Highway Trust Fund gets raided funds returned

Thursday, September 11th, 2008

You would think the sky is falling by returning funds Congress stole from the Highway Fund by listening to Secretary of Transportation Mary Peters. Below, you can contrast her press release to that of the facts laid out by the American Highway Users Alliance. Congress raided the highway fund in 1998 to the tune of […]

TURF launches new campaign: www.281OverpassesNow.com

Tuesday, September 9th, 2008

IMMEDIATE RELEASE TURF launches campaign demanding overpasses for 281 NOW San Antonio, TX, Wednesday, September 10, 2008 – Citizens fed-up with delays to the fix on 281 have launched a new campaign to demand the gas tax funded fix to 281 be installed immediately, not a toll road. A new web site www.281OverpassesNow.com is chalk-full […]

Unemployment climbs to 5-year high, who’s got money for extra toll taxes?

Sunday, September 7th, 2008

Link to article here. Unemployment climbs to 5-year high of 6.1 percent Friday September 5, 2008 By Jeannine Aversa, AP Economics Writer WASHINGTON (AP) — The nation’s unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years — and it’s likely to go even higher in […]

Gas prices cut driving for 8th straight month!

Sunday, September 7th, 2008

Link to article here. Once again, with driving going down to the increased expense, toll road usage also continues to drop. Now is NOT the time for toll roads using leveraged debt that likely will not be repaid. We’re setting ourselves up for another financial “bubble’ not unlike the mortgage crisis if our politicians don’t […]

   
   

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