The Council of Bond Oversight (COBO) meeting agenda for Monday September 11, includes as agenda item 3 Discussion and possible action regarding approval of the request from the Oklahoma Turnpike Authority to issue up to $500 million of Second Senior Revenue Bonds, Series 2023 In other words, COBO will discuss, and possibly approve, the Oklahoma […]
Objections to possible COBO Bond Approval – September 2023 Read More »
Pike OFF OTA and others submitted multiple objection letters to the OTA’s application to sell $500 million in revenue bonds for the ACCESS program. The application will be read and discussed at the September 11th Council of Bond Oversight Meeting. We need YOU in the room to show COBO that they must follow the law
Council for Bond Oversight – Objection Read More »
**Based on an original cost assessment by Michael Nash on May 29, 2022. Posted with permission** There is a very large cost discrepancy between the Oklahoma Turnpike Authority (OTA) and the Oklahoma Department of Transportation (ODOT). Both of these agencies operate in Oklahoma and build roads to serve the same population. Both agencies are headed
Why does a roadway cost more when the OTA is in charge? Read More »
Where does the OTA’s money come from? From tolls? Yes. But also from bonds! The large sums of money needed to fund new turnpike projects come primarily from bonds. The Oklahoma Turnpike Authority (OTA) was counting on new bonds to fund the new ACCESS turnpike projects. Since August of 2022, OTA has been operating under
Where Does the OTA’s money come from? Read More »
Originally written by Tassie Katherine Hirschfeld and Amy Cerato and published in the Tulsa World on January 6, 2023. Tulsa World link. An effort is underway to expand turnpike construction under the guise of economic development. After reviewing the troubled history and past performance of the Oklahoma Turnpike Authority, we believe projects such as the
Turnpike Expansions Will Harm State Read More »
**Originally written by Katherine (Tassie) Hirschfeld, Ph.D., in July 2022. Updated December 2022 and printed here with permission of author.** Oklahomans, what are we going to do about the Turnpike problem? It has only gotten worse since my first column back in May (Part 1). Despite multiple lawsuits alleging serious illegalities on the part of
**Originally written and published by Katherine (Tassie) Hirschfeld, Ph.D., in the Oklahoman in May 2022. Updated December 2022 and re-printed here with permission of author.** This week’s column starts with a pop quiz: How much does it cost to drive from Pittsburgh to Philadelphia on the Pennsylvania Turnpike? The answer has two parts: 1)
**Originally written and published by Katherine (Tassie) Hirschfeld, Ph.D., in the Oklahoman on April 26, 2022. Updated December 2022 and re-printed here with permission of author.** Oklahoma, you have a turnpike problem. It is not a partisan problem. It affects citizens of all political affiliations. It is not a NIMBY (Not-In-My-Back-Yard) problem. The state Turnpike
Oklahoma, you have a turnpike problem: Part 1 Read More »
The Oklahoma Turnpike Authority (OTA) has proposed rolling five billion dollars further into debt for improvement projects on existing turnpikes and constructing three new toll roads. They already sit nearly $2 billion US dollars in debt. In their 70 plus years of existence, the OTA has never had an audit conducted by the Oklahoma State
What is the Oklahoma Turnpike Authority Hiding? Read More »
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