Donald Trump

  • GONE: Trump yanks P3s and private toll roads from plan

    Link to article here.

    Trump pulls the plug on private toll roads, centerpiece of infrastructure plan
    By Terri Hall
    Setpember 30, 2017

    It’s big news for taxpayers, but for the special interests who have been pushing public private partnerships (P3s) and toll roads as the way to fund $1 trillion in upgrades to America’s infrastructure not so much. This week, President Donald Trump officially pulled the plug on P3s as the centerpiece to his infrastructure plan.

    The president said simply, “They don’t work.”

    Trump mentioned it in a meeting with members of the House Ways and Means Committee on Tuesday as the president met with lawmakers to discuss tax reform. Citing the failure of the Interstate-69 P3 contract done under Vice President Mike Pence when he was governor of Indiana, the state recently had to sever the contract, take over the project, and issue its own debt to get it finished.
  • Killing the private toll road bill made national news!

    We did it!  Not only did we send a message to Texas lawmakers and special interests that the Rick Perry era of toll roads is over, we also sent a message to the Trump Administration that private toll roads are dead on arrival in Texas!

    Watch the Bloomberg story on it here
  • Texans angered over SH 130 bankruptcy deal that wipes out money owed to taxpayers

    Zero: Money owed taxpayers for SH 130 toll road erased by bankruptcy court
    By Terri Hall
    July 8, 2017

    The defunct SH 130 tollway just emerged from bankruptcy court and the news isn’t good for taxpayers. In 2007, the Texas Department of Transportation (TxDOT) entered into a Comprehensive Development Agreement, or public private partnership, with SH 130 Concession Company, a subsidiary of Spain-based Cintra and Zachry Toll Road 56, which had ownership dispersed among Australian and many other foreign entities. The 41-mile southern stretch of SH 130 opened in November 2012, designed to be a bypass around congested downtown Austin. But the traffic never materialized and the private concession company sought bankruptcy protection in March 2016. According to the terms that emerged from bankruptcy court, all of the private entity’s $1.4 billion debt was wiped away, leaving federal taxpayers left holding the bag for the $430 million federally-backed Transportation Infrastructure Finance and Innovation Act (TIFIA) loan given to the private entities.

    Texas taxpayers feel betrayed. Former Texas Transportation Commission Chairman Ric Williamson swore under oath before the Senate Transportation Committee on March 1, 2007, that if the private entities went bankrupt, the Texas taxpayers would get the road back free and clear of any debt. Free and clear means no debt obligations, and therefore no need to continue to charge tolls for usage. However, that didn’t happen. Instead, new owners were brought in, Strategic Value Partners, $260 million in new debt was issued, and the new private company will continue to charge tolls until the contract is up in 2062 — for a road that now owes virtually no debt compared to its original $1.4 billion.
  • Trump floats gas tax hike after tolls get cold shoulder

    Link to article here.

    Trump floats gas tax increase after cold reception to privatized toll roads

    By Terri Hall
    May 5, 2017

    It’s tough being a change-agent. Newly minted President Donald Trump came into office with high hopes of a major infrastructure overhaul. With the nation’s crumbling bridges, pothole stricken roads, and millions of commuters choking in urban congestion, Trump had a big plan to harness the private sector through public private partnerships (P3s) to address congestion by adding toll lanes. The problem is those privatized toll lanes grant private, usually foreign, entities monopolies over vital public highways where the companies are given the exclusive right to extract the highest possible tolls for 50-99 years.

    With the pushback to P3s coming fast and furious from working class families to truckers, Trump has begun to change his tack. After meeting with members of the trucking industry this week, Trump has floated the idea of a federal gas tax increase to raise the revenue necessary for the big infrastructure fix. Truckers prefer a gas tax increase to tolls.

    Here’s the back story. The National Highway Trust Fund, which is funded with a federal gasoline tax of 18.4 cents per gallon, has teetered on the edge of bankruptcy for over a decade while the gas tax has remained unchanged since 1993. Inflation has diminished its buying power over the last 24 years, and members of congress have been reluctant to raise it. Under President George W. Bush, many Republicans pushed road privatization and implementing toll ‘managed’ lanes as the means to finance road projects as perpetual road funding shortfalls plagued the highway system.
  • Victory for Texas landowners along the Red River

    FOR IMMEDIATE RELEASE
    April 6, 2017
    www.texasattorneygeneral.gov
    PRESS OFFICE: (512) 463-2050
    Kayleigh Lovvorn: This email address is being protected from spambots. You need JavaScript enabled to view it.

    AG Paxton: Suspension of BLM Red River Surveys is a Win for Texas
     
    AUSTIN – Attorney General Ken Paxton today praised the Trump administration for suspending three U.S. Bureau of Land Management (BLM) surveys from the Obama-era that the BLM used to justify a land grab involving 90,000 acres near the Red River.
     
    The federal action was prompted by the BLM’s admission earlier this week that it used “incorrect methodology” while determining the gradient boundary on a portion of the 116-mile stretch of Texas properties along the Red River. Attorney General Paxton intervened in November 2015 on behalf of the state in a lawsuit brought against the BLM by affected property owners.

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