Tagged: Ohio Turnpike

Ohio's governor won't lease the Ohio Turnpike and instead proposes raising $1.5 billion in bonds to fund local road projects.

Up to an additional $1.5 billion could be generated by matching local and federal funds.

Republican John Kasich was announcing his plan Thursday. It caps any toll increases on trucks at inflation, freezing rates for 10 years on local trips paid for with an EZ Pass.

The governor is hinting strongly that a plan to lease the Ohio Turnpike is coming soon, possibly official by the end of the week.

Gov. John Kasich has been talking about his turnpike plans for months, but not releasing many hints, other than to say that he considers the toll road an undervalued asset. But he told a group of county commissioners and county engineers to think about the turnpike this way: