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Article: Florida DOT Names 8 Candidates for Toll Lease.
- Article from:
- The Bond Buyer
- Article date:
- June 10, 2008
- Author:
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BRADENTON, Fla. -- The Florida Department of Transportation last week released the names of eight firms interested in the state's first-ever lease of an existing toll road.
Leasing of the 78-mile toll road known as Alligator Alley in South Florida is being considered primarily as a way to raise cash when state revenue collections are down and there's a backlog of transportation needs.
Funds from the lease must be spent on such projects in Broward and Collier counties, which Alligator Alley crosses.
However, the leasing idea is getting considerable opposition from drivers. Protestors carrying placards picketed several locations in South Florida ...