Gov Kasich says leasing Ohio Turnpike could retire $600m debt and leave $2,400m

February 4, 2011

Ohio governor John Kasich told a meeting of business leaders in Cleveland that a longterm lease of the state Turnpike would raise an estimated $3 billion. After retiring the Turnpike's debt of $600m he said the state would have $2.4b that could be used to lower taxes or other debt of the state.

Kasich said this was a "hypothetical" - one of many things that could be done to restructure the state's economy and make it more competitive and attractive top business.

Tolls on the Turnpike presently bring in around $190m/year.

TOLLROADSnews 2011-02-04

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