NCDOT Bond Refinancing Could Reduce State Spending for Expressway Project and Permit “Toll Flexibility”

Triangle Business Journal reports that last week’s refinancing of some Triangle Expressway bond debt by NCDOT could lead to “a reduction in the state’s contribution for the Complete 540 project and future toll rate flexibility. Additionally, there’s a possibility that the state could pay off the project debt more quickly than anticipated, which would take tolls off the road earlier than planned.” [Link inserted.]