Hidden costs will make Turnpike deal a bad one

Interesting opinion article in the Philadelphia Inquirer:
Hidden costs will make Turnpike deal a bad one
Summary:

• Huge unseen financial incentives pull from the tax base during the deal


• Costs associated with ensuring the contract gets inforced


• With tax subsidies greatest in the first 15 years, the profit window will rapidly close, leaving the company with aging and expensive infrastructure and large debt remaining for the rest of a century.


• This deal was negotiated in secret without public input and information. Pennsylvanians had less than a month to read and digest a 686-page contract and attempt to predict and value how its thousands of conditions might affect the commonwealth through 2084