More Fuel for Privatization Fire
Maybe the State of Maryland, even in our current O’Malleynomic hell, may really consider the concept of privatization. Seriously. See more below the fold….
And in the long-term, MdTA will be so saddled with debt it might even have to lease one of its facilities to a private partner, according to DLS. Over the next four years, the agency will issue $2.8 billion worth of debt to bolster its capital budget.
Now all of this is in a story about how MdTA might be ready to jack the price of tolls on the Bay Bridge up to $5.00 in the near future. But as I have argued before, the privatization of the Bay Bridge may make it cheaper for taxpayers and commuters to use the bridge, as a private toll facility operator will be able to operate the bridge at a far lower cost than the State of Maryland ever could.
Even ardent opponents of privatization don’t want to see tolls doubled on MdTA facilities, and privatization may be a way to avoid that current inevitability.
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Lots of Democrats and liberals talk about brining innovation to government. I can assure you that doubling tolls does not count as innovation in anyone’s mind. But I think that one of the most innovate things that Maryland could do at this moment in time is to privatize our toll facilities so that we, both as commuters and as taxpayers, get the biggest bang for our buck.