80/90 back to the people

[UmphreakDomer]

80/90 has gone bankrupt only 8 years into the deal that saw an investment group from Spain and Australia. Interested in how this shakes out. I just posted as its the main through fair for most of us on our pilgrimages to and from the mother land.

http://finance.yahoo.com/news/how-taxpayers-fleeced-well-heeled-investors--for-once-154833010.html

 

[ND NYC]

paging Buster:

"It’s also possible the state could end up running the toll road itself again, which would mean it took a nonrefundable $3.8 billion payment from investors in exchange for 75 years’ worth of toll revenue that only ended up being eight years’ worth. Investors, meanwhile, bore all the risk if the lease didn’t work out. That’s like private investors putting money in taxpayers’ pockets. It’s hard to imagine better public financing than that."

 

[BGIF]

2006 huh.

Sounds like the ITR Concession Company's decided schematic advantage didn't work out so well for them either.

 

[Buster Bluth]

paging Buster:

Not sure what you're getting at?