TITLE

Florida Highway Deals Signal Start of Toll Road Explosion

AUTHOR(S)
Sigo, Shelly
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/24/2005, Vol. 351 Issue 32077, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that Florida's two largest expressway authorities begin pricing about $750 million of variable- and auction-rate bonds today to start building new toll roads that will relieve traffic congestion in the fast-growing central and southern sections of the Sunshine state. Liquidity facilities for the Orlando-Orange County Expressway Authority are being provided by WestLB AG, JPMorgan Chase Bank NA, Suntrust Banks Inc. and Wachovia Bank NA. Since the Orlando-Orange County authority was created by the Legislature in 1963, it has built 92 miles of toll roads in central Florida that primarily serve commuters driving to and from work in downtown Orlando or theme parks.
ACCESSION #
16235989

 

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