Lessons from the Failed PA Turnpike Lease

The Pew Center on the States has a new report out offering lessons to Pennsylvania and other states on the proposed deal to lease the Pennsylvania Turnpike (full report here), noting that private funding for roads remains a likely, and necessary, scenario for future infrastructure needs.

They point out the lack of communication between the executive branch and the legislature, and “rosy scenarios” for investment returns. Hence, they recommend that state legislatures take the lead in development parameters for a lease deal (which I feel like I said over and over again) and using more realistic financial assumptions.

If only there was an organization who had said these things before the fact.