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UserRemoved1 · 10-25-2008, 01:59 PM

Yea let's delay abolishing this whole MESS.

Mass. Pike Meeting Delayed Amid Struggles
Postponement May Hurt Bond Rating

BOSTON -- The Massachusetts Turnpike Authority has postponed its monthly meeting as it struggles with debt.

Pike officials said the postponement of the Tuesday's meeting until Nov. 14 gives state officials more time to complete legislation that would abolish the agency. Information about such a move could then be presented to the board.

But board member Mary Connaughton said the delay could hurt the agency's bond rating because it would postpone talks over ways to help the agency, such as increasing tolls.

Connaughton told The Boston Globe that could lead to even bigger toll increases.

Pike officials have signaled toll hikes are inevitable as the agency deals with $2.5 billion in debt, most of it related to the Big Dig.

A spokesman for Turnpike Authority chair Bernard Cohen said the postponement won't hurt the agency's credit ratings.

10-25-2008, 01:59 PM	#12
UserRemoved1 Permanently Disconnected iTrader: (-9) Join Date: Nov 2002 Posts: 12,647	Yea let's delay abolishing this whole MESS. Mass. Pike Meeting Delayed Amid Struggles Postponement May Hurt Bond Rating BOSTON -- The Massachusetts Turnpike Authority has postponed its monthly meeting as it struggles with debt. Pike officials said the postponement of the Tuesday's meeting until Nov. 14 gives state officials more time to complete legislation that would abolish the agency. Information about such a move could then be presented to the board. But board member Mary Connaughton said the delay could hurt the agency's bond rating because it would postpone talks over ways to help the agency, such as increasing tolls. *Connaughton told The Boston Globe that could lead to even bigger toll increases.* Pike officials have signaled toll hikes are inevitable as the agency deals with $2.5 billion in debt, most of it related to the Big Dig. A spokesman for Turnpike Authority chair Bernard Cohen said the postponement won't hurt the agency's credit ratings.