Tuesday, January 13, 2009

Time to Take Action on Turnpike

According to a new Boston Herald article, "state officials want to privatize the 11 service plazas along the Pike" in order to raise some quick cash for the trouble-ridden Pike.

It reaffirms what we in the GOP Caucus already proposed, that increased taxes and toll hikes are not the only options. It's not an either/or thing when other proposals are on the table.

Clearly the market has realized the value of the Turnpike’s assets, especially when property values are at their lowest. We should continue to explore the value of Turnpike property, including property inside Rte. 128, and the potential for the state to realize the appreciating value of these assets by allowing the pension fund to purchase some of these properties.