OTA Approves 17% Toll Hike Contingent on Resolution of Expansion Litigation

KOCO News reports, “The Oklahoma Turnpike Authority has voted to increase the costs on Oklahoma tollways by 17 percent to help expand and renovate the state’s turnpike system, including the construction of new toll roads in Tulsa and Oklahoma City. OTA spokesman Jack Damrill says the rate hikes approved on [September 27] are contingent upon the resolution of a lawsuit challenging the use of toll revenue to finance the new construction. That lawsuit is pending before the Oklahoma Supreme Court.”

The Oklahoman notes in its coverage that OTA “plans to incur $480 million in additional bond debt to fund new construction. The increased tolls would service that debt.”