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