Bonds issued against future Ohio Turnpike toll revenue will generate approximately $3 billion in revenue and create 65,000 jobs
Gov. John Kasich will not attempt to lease the Ohio Turnpike to a private entity, even though a state-commissioned study by KPMG Corporate Finance LLC determined that such an arrangement could net the state between $3.3 billion to $4.03 billion over 50 years, Columbus Business First reports. Instead, the state will issue $1.5 billion in bonds against future toll revenue to generate roughly “$3 billion in revenue for road projects and create 65,000 jobs,” according to the Dayton Business Journal. For more, read the Columbus Business First story and the Dayton Business Journal story.
