State lawmakers who don't like the idea of turning over the
New Jersey Turnpike to private investors have come up with an unusual
They propose that the state pension fund - with $70 billion
in assets - take over the turnpike.
The fund would pay the state billions of dollars up front,
then recoup the money in tolls.
The state would use the up-front money to retire some of its
massive debt, while retaining much of its control of the turnpike.
A spokeswoman for a union representing state workers told
local media they'll have to take an in-depth look at the proposal before making