Colorado board looks to privatize Northwest Parkway

| 8/30/2006

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.