Selling the New Jersey Turnpike
So Senator Lesniak is proposing a bill to sell the NJ Turnpike. I would suspect that he has already found a buyer to invest and I would not be surprised if Jim McGreevey was somehow connected to the prospective buyer.
This is bad economics if looked at from all sides. First off the NJ government does not own the Turnpike it is owned by the citizens of NJ and managed by the Turnpike Authority or whatever name they are going by now since I believe that the Parkway and turnpike authoity have merged. (To save money no doubt). Rest assure that any money received on any sale will immediately be squandered by your elected officials. Look at history they have squandered every dollar that has fallen into there hands. NJ is a cesspool of coruption, nepotism and double dippers. The NJ politicos are unable to police their own ranks and just line their pockets with taxpayer money.
If the pike is sold it will cost $30.00 for a passenger car to go from one end to the other. Trucks will find alternate routes, roads will be more conjested and when the money is gone the Parkway and Atlantic City Expressway will be sold, creating more of the same.
I'm so thankful that I don't live in New Jersey anymore.
