Thursday, March 09, 2006

Trust Me!

The Indy Star has an interesting report this evening, with the CEO of the Spanish-Australian company making the pitch for the toll road deal. From the Star article:
At a Statehouse news conference, Stephen Allen, chief executive officer for Macquarie Infrastructure Group of Sydney, sought to ease resistance among some lawmakers and the public to overseas ownership. Macquarie, along with Cintra, a Madrid-based firm, has offered the state an immediate payment of $3.85 billion for the right to take control of Toll Road operations, maintenance and revenues for 75 years.

"What I'm actually doing is proposing to invest in Indiana," Allen said. "I'm actually talking about creating jobs here."
That's true, but he's also talking about minimizing potential, squandering opportunity.

Thanks to Greg Kelver and the LaPorte Libertarians for the sign that says it all.

When the CEO of the company feels compelled to try to sell the deal through the media, my nonsense detector starts beeping. When any salesman works too hard to tell you what a great deal he's bringing to you, it's time to run for the door. When the Governor tells you you're for this deal or against the future, you know there is a lack of confidence in the strength of the deal.

Take this together with the fact that the Daniels Administration gave the store away to the Colts on the naming rights deal, and there is every reason to believe this is a Major Mishap waiting to occur.

  • 75 years is too long. Get the $3.75 billion for 10 years, and then you're talking a good deal.
  • Cut new terrain I-69 from the deal. The people of Perry Township, Morgan County, Monroe County, and on down south don't want new terrain I-69.
  • Keep the money in the area that generates it- the northern counties. Otherwise, you're just talking socialism, robbing Peter to pay Paul.

Let's see if House Bill 1008 isn't rightly seen as an anchor around the necks of our legislators who face the voters this November. Libertarians are keeping score.

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