Business & Technology
Fri August 26, 2011
Companies line up to help Ohio unload turnpike
COLUMBUS, Ohio (AP) - Ohio's highway department says 14 companies are bidding to help guide the state with the possible lease of the Ohio Turnpike.
Gov. John Kasich said earlier this month that he wants to hire a team of private consultants to help the state determine how to get the best financial bang from the turnpike.
Ohio's Department of Transportation says bids came from 14 companies, including investment banks and law firms from across the country.
Kasich's plan calls for the winning team to play a role in picking a private operator for the roadway if that happens. The Republican governor believes leasing the turnpike could bring the financially ailing state as much as $2.5 billion.
The 241-mile toll way runs across northern Ohio from Pennsylvania to Indiana.