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Day: May 13, 2020

Transportation

Andrew Abramczyk: Pennsylvania Turnpike blues

May 13, 2020April 28, 2021
Andrew Abramczyk

The turnpike has about $12.8 billion in bonds outstanding, 16 times cash flow before interest of about $800 million. The borrowed money is long gone, funnelled to state government for mass transit in Philadelphia.
By Andrew Abramczyk

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