e470 in Denver reports strong 2011 T&R - best #s since 2007
By Peter Samuel
E-470 the toll belt route around the eastern side of the Denver CO metro area reports 2011 as the best year since 2007. Traffic was 52.1m in 2011, 1.6% up on 2010's 51.3m, making it the third year of growth since the 2008 crash. This in spite of a toll increase.
Revenue rose from $94.3m to $107.7m, 14.2% up 2011/2010.
Operating costs were squeezed a further 2% on this now all-electronic tollroad without any toll collectors.
The multi-city/county toller needs the extra revenue because annual debt service payments are on the rise. In 2011 they were $65.2m but they rise an average of $6.5m each year through 2020 when they plateau at $125m/year. Outstanding debt is presently $1.5 billion.
Traffic is still 3.7% below the 54.1m of the peak year of 2007.