Leasing the Pennsylvania Turnpike

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  • Product Description

    Abstract:
    In June 2007, the governor of Pennsylvania, was negotiating with the state¬ís legislative leaders about his proposal to lease the Pennsylvania Turnpike to private investors.  Leasing public highways to private companies was unheard of in the United States until the City of Chicago leased the Chicago Skyway, an 8-mile toll expressway, for $1.83 billion in 2005 and the State of Indiana leased the 157-mile Indiana Toll Road for $3.85 billion in 2006.  The sums astonished state and local governments around the country, and encouraged many, like Pennsylvania, to consider leasing as a means of covering budget shortfalls.

    Learning Objective:
    This case is designed to support a discussion of the pros and cons of leasing assets as a means of raising public resources and of having the private sector finance and operate infrastructure.

  • Other Details

    Publication Date: August 31, 2007
    HKS Case Number: 1878.0
    Case Author: John Foote
    Faculty Lead: Jose Gomez-Ibanez
    Pages (incl. exhibits): 17
    Setting: United States
    Language: English
    _year: 2000-2009
    _pages: 16-25
    _geography: US & Canada
  • Warranty Information

    /review/1878.0.EducatorCopy.pdf

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