Texas toll road rating cut by Moody's due to default risk

[Winehole23]

http://www.bloomberg.com/news/2013-1...t-risk-1-.html

[baseline bum]

LOL who is going to drive all the way out to Seguin to pay to drive to Austin?

[m>s]

I don't do tollroads. I'll spend more in gas going around them than the damn toll fee.

[MannyIsGod]

On one hand, Moodys and all other ratings agencies. On the other, it actually looks like they have reason here.

[ChumpDumper]

Gee, no one is using our toll road we built in the middle of nowhere. How could this have happened?

[boutons_deux]

LOL who is going to drive all the way out to Seguin to pay to drive to Austin?

yep, I always thought that toll route was useless when originating in SA. I'd take my chances, poor as they usually are, on the horrendous I35 thru Austin.

[baseline bum]

Gee, no one is using our toll road we built in the middle of nowhere. How could this have happened?

[TeyshaBlue]

Christ. Slap a .05/gas tax on us and build some ing roads.

[m>s]

Or make Boutons pay for it with his Zionist mercenary pension

[Spurminator]

Christ. Slap a .05/gas tax on us and build some ing roads.

SOCIALIST!!!

[boutons_deux]

Christ. Slap a .05/gas tax on us and build some ing roads.

In Texas? not a chance. TX destroys roads in S. Tx because it can'ta afford to repair the damage done by the "externalities" unfunded by gas/oil business.

[Das Texan]

if you are leaving from san antonio to goto dfw, you can just get on the toll road just south of Austin and sail through the problem that is Austin.


Driving to Seguin makes zero sense. Maybe for the what? 20 years that I-35 was torn to ing in San Marcos, New Braunfels, et al, but not anymore, most of the time, after you get past the forum you sail through between 60-70 mph.

The northern portion of the toll road I would assume is doing just fine financially.

[Das Texan]

In Texas? not a chance. TX destroys roads in S. Tx because it can'ta afford to repair the damage done by the "externalities" unfunded by gas/oil business.

They actually are in some ways funded, but all of these funds goto the rainy day fund, instead of being diverted directly to the roads in these areas.

[ChumpDumper]

if you are leaving from san antonio to goto dfw, you can just get on the toll road just south of Austin and sail through the problem that is Austin.

It's not meeting goals but Texas is subsidizing it just like the small government rugged individualist risk/reward state it is.

We should just make it free for trucks forever if we're just eliminating the operators risk anyway.

[boutons_deux]

They actually are in some ways funded, but all of these funds goto the rainy day fund, instead of being diverted directly to the roads in these areas.

so rainy day fund was intended to pay for road damage from industrial activity? rain does help traffic degrade the road

[scott]

In Texas? not a chance. TX destroys roads in S. Tx because it can'ta afford to repair the damage done by the "externalities" unfunded by gas/oil business.

They actually are in some ways funded, but all of these funds goto the rainy day fund, instead of being diverted directly to the roads in these areas.

so rainy day fund was intended to pay for road damage from industrial activity? rain does help traffic degrade the road

Cons utional Amendment will be on the November 2014 Ballot to take funds that are generated by Severance Tax on projects like Eagle Ford Shale that are going to the Rainy Day fund (about $2.5 billion/year) and use 50% of it to go towards transportation funds (and specifically prohibits their use on toll projects).

So, make sure to go vote on November 4, 2014

[CosmicCowboy]

The toll road makes sense if you originate in Laredo or Corpus and are heading North towards Dallas. Doesn't make sense originating in North San Antonio. And I love the freaking toll road in Austin.

[scott]

Here is a list of Patriots who have said " YOU GUMMINT!" and decided to use the roads WHENEVER THEY GODDAMN PLEASE

http://www.txdot.gov/inside-txdot/me...violators.html

[ChumpDumper]

Here is a list of Patriots who have said " YOU GUMMINT!" and decided to use the roads WHENEVER THEY GODDAMN PLEASE

http://www.txdot.gov/inside-txdot/me...violators.html

lol those totals are ridiculous.

For the #1 dude it comes out to $16 per tolling.

[101A]

At least in Texas they toll NEW roads; in Pa they just want to erect booths on existing interstates (and then subsequently add stop lights, lower speed-limits and other obstructions to the non-toll routes (usually at the behest of the foreign corp that wants to collect the tolls for the commonwealth).

[ChumpDumper]

At least in Texas they toll NEW roads; in Pa they just want to erect booths on existing interstates (and then subsequently add stop lights, lower speed-limits and other obstructions to the non-toll routes (usually at the behest of the foreign corp that wants to collect the tolls for the commonwealth).

Guess it depends on your definition of new. Striping toll lanes onto Mopac doesn't count as a new road to me.

[101A]

lol those totals are ridiculous.

For the #1 dude it comes out to $16 per tolling.

That's the cost to drive into Brooklyn from Long Island EACH time. It's just how you've been conditioned as to what "ridiculous" is. ~30 Euro to drive from Austrian border to Rome, btw.

[baseline bum]

Here is a list of Patriots who have said " YOU GUMMINT!" and decided to use the roads WHENEVER THEY GODDAMN PLEASE

http://www.txdot.gov/inside-txdot/me...violators.html

A person owing $236,026.32 in tolls???

[101A]

Guess it depends on your definition of new. Striping toll lanes onto Mopac doesn't count as a new road to me.

Fair enough; been up here so long, don't stay current; I guess governments are good at learning from each other.

[ChumpDumper]

That's the cost to drive into Brooklyn from Long Island EACH time. It's just how you've been conditioned as to what "ridiculous" is. ~30 Euro to drive from Austrian border to Rome, btw.

No, it's ridiculous because it's not the actual tolls he was charged. It's the fines added on top of them.