A regional highway authority in Colorado is considering a private lease
for an 11-mile parkway.
The Northwest Parkway Public Highway Authority Board of Directors met
Tuesday to discuss $415 million owed to bondholders since the Northwest Parkway opened in 2003 to link E-470 at Interstate 25 to U.S. 36 in Broomfield.
Executive Director Steve Hogan, according to the Times-Call News Group, said the highway
authority is looking for a private lease partner to operate the toll road,
similar to recent deals in Indiana and Illinois.
“We’re not selling this project,” Hogan said during a media conference
call. “We’re looking for a lease-equity partner.”
Rep. Gwyn Green, D-Golden, urged the commission to consider a
U.S.-based investor, and not a foreign group like investors in the Indiana Toll Road and Chicago Skyway leases.