Report Labels Indiana Toll Road an Intergenerational Cash Transfer:
A College of William and Mary professor believes the toll road public-private partnerships currently in vogue among transportation bureaucrats may end up costing the public a great deal of money in the long run. John B. Gilmour makes the case in the journal Public Administration Review, using the Indiana Toll Road as an example.
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Yet more evidence that state and local governments need to be a whole lot more careful about privatization than they have been to date. The short term benefits, if any, may end up being outweighed by the long term costs.
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