Central Texas toll roads losing money

Not enough induced development

Jay Blazek Crossley, Jul 19, 11.

The Central Texas Turnpike System, built and operated by the Texas Department of Transportation around the Austin metropolitan region, has been losing money, requiring state subsidies covered primarily by gas taxes, according to the Austin American Statesman.

While toll revenues exceeded expectations for the first three years of operations, they are now expected to run short by about $38 million a year over the next decade and expected to total $750 million by 2042, according to the Statesman, which says that a TXDOT spokesperson attributed the shortfall partially to lower than expected induced sprawl development in the mostly empty lands in far East Austin where toll road 130 runs.

[Image credit: BillJacobus1, flickr, cc]

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