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The Water Cooler
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New turnpike expansion
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<blockquote data-quote="4play" data-source="post: 4020715" data-attributes="member: 7223"><p>I don't think OTA is in a good position to be successful with anything in the future. I think their financials are wrecked, and they are basically needing to sell new bonds to stay afloat, and they still have old bonds that are not paid off. They are wanting to borrow more money to pay for existing debt along with maintenance and a couple new projects. Why do they need new bonds to pay old bonds, and also put road maintenance needs on bonds, isn't that what tolls are for?</p><p></p><p>There's a pending decision from the State Supreme Court questioning the legal authorization of the new routes. It will be an interesting ruling because if they do not have the legal authorization to build these, then the Kickapoo was built illegally too. Also US Bureau of Reclamation denied the current routes because these fools thought they can draw lines anywhere and build roads. If you read their application they sent to the BOR it will make you chuckle, I think grade school kids could have submitted a better application, OTA didn't even answer or address several concerns that are obviously important for the process, it's like they think they can do whatever they want.</p><p></p><p>OTA already lost one lawsuit on an open meetings act violation, the ruling was considered a willful violation. This lawsuit voided all progress they have made so far, including bids, contracts and payments already made for engineering, consulting, planning, surveys etc. The launch of this new plan was very shady, and in many ways they tried to hide, conceal and suppress information from the public.</p></blockquote><p></p>
[QUOTE="4play, post: 4020715, member: 7223"] I don't think OTA is in a good position to be successful with anything in the future. I think their financials are wrecked, and they are basically needing to sell new bonds to stay afloat, and they still have old bonds that are not paid off. They are wanting to borrow more money to pay for existing debt along with maintenance and a couple new projects. Why do they need new bonds to pay old bonds, and also put road maintenance needs on bonds, isn't that what tolls are for? There's a pending decision from the State Supreme Court questioning the legal authorization of the new routes. It will be an interesting ruling because if they do not have the legal authorization to build these, then the Kickapoo was built illegally too. Also US Bureau of Reclamation denied the current routes because these fools thought they can draw lines anywhere and build roads. If you read their application they sent to the BOR it will make you chuckle, I think grade school kids could have submitted a better application, OTA didn't even answer or address several concerns that are obviously important for the process, it's like they think they can do whatever they want. OTA already lost one lawsuit on an open meetings act violation, the ruling was considered a willful violation. This lawsuit voided all progress they have made so far, including bids, contracts and payments already made for engineering, consulting, planning, surveys etc. The launch of this new plan was very shady, and in many ways they tried to hide, conceal and suppress information from the public. [/QUOTE]
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