[mass55th]

Sounds like the NY State Thruway. The first part of the Thruway from Utica to Rochester was opened in 1954. The project was to be financed through toll revenue bonds. Tolls were supposed to be eliminated once the bonds were paid off. The last of the bonds were paid off in 1996. Twenty years later, and tolls, which have gone up over the years are still being collected.

[ealgeone]

Guvment rarely lets go of easy money.

[Liz]

The first part of the NY State Thruway from Utica to Rochester was opened in 1954 to be financed through toll revenue bonds. Tolls were to be eliminated once the bonds were paid off. The last of the bonds were paid off in 1996. Twenty years later, and tolls, which have gone up over the years are still being collected.

Firstly, Bonding is eternal taxation.

Secondly, scratch a bond and the political filth comes oozing out.

The insider deals would make your skin crawl.

The citizenry pays and pays and pays.

[Impala64ssa]

I got a collection of old road maps, from the NY Thruway & Garden St Pkwy commissions from the 50's and 60's. They all say the same thing, the tolls collected are paying off the bonds, when they're paid off around 1996 the tolls will be dismantled. 20 yrs later: