Vague News: An Investment Tip from The Moron's Guide to Investing: Lease the Pennsylvania Turnpike
Bidders drop $12.8 billion offer to lease Pennsylvania Turnpike
Pennsylvania Transportation Partners turned down a $12.8 billion offer to lease the Pennsylvania Turnpike. A spokesman for Abertis Infraestructuras of Spain and Citi Infrastructure Investors says it's still interested in the roadway and they're available at any time to lease and operate 500 miles of the interstate for 75 years.
The investment idea has some merit.... Lincoln Tunnel, Baltimore Harbor Tunnel and other bridges, tunnels and highways already built and ready to be your cash cow. On the other hand, it is difficult to fathom the idea that a foreign corporation is making money off of an American infrastructure that was built and funded with American tax dollars. Wonder what the presidential candidates' positions are on this foreign investment and management of U.S. tax funded infrastructures?
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