Expansion and Tolls public hearing

Moderator: The Merrimack Volunteer Moderators

Re: Expansion and Tolls public hearing

Postby TonyRichardson » Mon Nov 29, 2010 4:29 pm

Those ramps have long been paid for at this point.

Now they are a revenue stream.
Liberalism - What happens when emotional reactions are confused with and substituted for facts and reason.
TonyRichardson
 
Posts: 358
Joined: Fri May 22, 2009 6:01 pm

Re: Expansion and Tolls public hearing

Postby Brian McCarthy » Mon Nov 29, 2010 8:40 pm

TonyRichardson wrote:Those ramps have long been paid for at this point.

Now they are a revenue stream.


Not if you keep refinancing the bond that paid for them.

At the current rate of return (income vs cost to maintain/man the Merrimack Exit Toll Ramps) which is 50%, Mr Waszczuk stated it would take 70 years to repay the 40-something million it cost to construct them.
Brian McCarthy
 
Posts: 1347
Joined: Thu Nov 21, 2002 8:12 am
Location: Merrimack, NH

Re: Expansion and Tolls public hearing

Postby Wayne » Mon Nov 29, 2010 8:57 pm

Soooo...70 more years until they're paid for...and then they'll take them down? :?
Wayne
 
Posts: 2866
Joined: Thu Nov 21, 2002 8:47 am
Location: Merrimack

Re: Expansion and Tolls public hearing

Postby Brian McCarthy » Tue Nov 30, 2010 5:54 am

No, its expensive to remove them, so you need another bond to pay for that :-)

Wayne wrote:Soooo...70 more years until they're paid for...and then they'll take them down? :?
Brian McCarthy
 
Posts: 1347
Joined: Thu Nov 21, 2002 8:12 am
Location: Merrimack, NH

Re: Expansion and Tolls public hearing

Postby JMac1000 » Tue Nov 30, 2010 9:38 am

What if Merrimack offered to Bond, say 15 million dollars to pay to the state in exchange for removing the tolls? I think, frankly this is the only way to remove them. The big if, is how much does it cost of remove the tolls itself. I know 15 million may sound like a lot of money. The state may not go for it because the new traffic from the mall will produce several milion additonal dollars for them a year.

I know some may say the town cannot afford such bond. Maybe the outlets could contribute. THey seemed real interested in "toll relief" just before the election to change the zoning, then they never uttered a word after the town voted yes.


t will take substantial money to eliminate the tolls, but Chelsea is willing to open its wallet wide to do that, Silvestri said.


Either way, compare that to upwards of $1000.00 per year plus some households pay for tolls....
JMac1000
 
Posts: 2030
Joined: Tue Dec 30, 2003 10:21 pm

Re: Expansion and Tolls public hearing

Postby TonyRichardson » Tue Nov 30, 2010 12:46 pm

Now I understand why the government had to crack down on the "Company Store" model in the private sector.....


Odious as that is, it is still a better deal that a toll road...

Nearly a century to pay for two and a half exits, give me a break :roll:

Lets be generous and say 1990 to 2010, thats 20 years, and they want another 70+ to finish paying for it?

Am I the only one that sees that as INSANE!!!
Liberalism - What happens when emotional reactions are confused with and substituted for facts and reason.
TonyRichardson
 
Posts: 358
Joined: Fri May 22, 2009 6:01 pm

Previous

Return to Cable, Library, Tolls & Water

Who is online

Users browsing this forum: No registered users and 3 guests

cron