Submitted by WrathWise t3_zwxplf in RhodeIsland
Proof-Variation7005 t1_j245kao wrote
Reply to comment by March_Latter in Why do we not have tolls yet? Are voters this shortsighted? by WrathWise
>After the complete failure of the truck tolls where RI was forecast to lose money and put them up anyway, spending 2 dollars for every dollar collected I don't think Rhode Island Politicians should feel they can discuss tolls at all. They screwed the state proudly and intentionally.
I'm not really aware of any projections to lose money but the state made millions of dollars in profit after accounting for install costs, legal fees, etc. I think the total revenue was like 100 million.
We could spend years appealing the decision and still be in the black financially on the project.
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>The "revenue" was supposed to pay for RhodeWorks and 100's of millions have been spent on that program
It's $100,000,000 in revenue. Construction and the maintenance/management cost was estimated to be about $70,000,000 over the course of a decade. This still came out ahead.
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>Is the money going to have to go back to the truckers?
The existing ruling says nothing of the sort and the lawsuit didn't even ask for that. That has never been a risk.
March_Latter t1_j24w0jb wrote
Um no... the original Rhodeworks number over 4 billion is listed in the article. The 40 million has never been achieved Net or Gross. To get closer they use the total including Newport bridge and thats not broken out well, at least 6 million there not counting expenses.
In fact there where no less than five articles available about the losses by tolling before Gina got promoted, now you need to go through the reports yourself and very quickly if you look past the glossy papers you will find like most state issues the numbers don't much the discussion or really even come close. We owe the toll company at least 4 million a year, that gets a little cloudy. We paid 70 million for the gantries but that did not include "all" of the costs. Just what they installed, more likely 100 million total buy in for set up.
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