Transportation officials in Florida have put out another call to private investors in an effort to lease a portion of Interstate 75 known as Alligator Alley for 50 to 75 years.
The Florida Department of Transportation’s request for bidder qualifications on Wednesday, June 25, was the second since May 5, when FDOT officials announced that Alligator Alley could be placed on the auction block in a matter of weeks.
FDOT officials stated in a press release that the second call to investors will help maximize the value of Alligator Alley. The deadline for bidders to submit their resumes is July 23.
Alligator Alley is a 78-mile toll road that was built in the late 1960s and runs through the Everglades. It was designated as part of Interstate 75 when it was upgraded to four lanes in 1992 but remained tolled with limited access.
FDOT officials said the winning bidder will pay a lump sum to the state for the right to “lease, maintain, operate and receive toll revenues” under a public-private partnership. Officials are hoping to name a bidder in October.