Wednesday, September 19, 2012

It's All About The Money.

This is a very engaging and shocking story and it puts an emphasis on how the Government strategizes to squeeze out every last penny they can. Local commuters using Highway 183 south feel they are being cheated by the Texas Transportation Commission. For years drivers have been traveling 183 with speed limits of 65 miles per hour. They are now faced with a lower speed of 55 miles per hour. The problem began when the new 130 toll road was constructed to run in the center of 183. The new toll road will not just have the fastest speed in Texas but also the nation, going a staggering speed of 85 miles per hour. Why should regular commuters be punished by having to go 55 miles per hour on highway 183? … In short it’s all about the money. Stephan Edelstein, journalist for Digital Trends, reported, “That the 85 mile per hour speed limit included an economic incentive for the state government. The states contract with the toll operation allows it to collect a $67 million upfront cash payment, or a certain percentage of the toll profits if the speed limit is 80 miles per hour. If the speed limit is above 80 miles per hour the state gets $100 million or a higher percentage of the profits”. In conclusion you might be interested in reading Ben Wear’s take on the story in Austin American Statesman.