00:00:00 | >> SUPPORT FOR THIS BROADCAST COMES FROM THE LAW OFFICES OF |
00:00:05 | PORTER, WRIGHT, MORRIS, AND ARTHUR. |
00:00:07 | HELPING BUSINESSES SOLVE COMPLEX PROBLEMS THROUGHOUT OHIO AND |
00:00:13 | AROUND THE WORLD. AND FROM THE OHIO EDUCATION |
00:00:18 | ASSOCIATION, REPRESENTING 131,000 TEACHERS, SUPPORT |
00:00:22 | PROFESSIONALS, AND HIGHER EDUCATION FACULTY. |
00:00:25 | ADDITIONAL SUPPORT IS MADE POSSIBLE BY E-TECH. |
00:00:33 | >> 2012 COULD BRING A BIG CHANGE FOR THE OHIO TURNPIKE. |
00:00:38 | THE STATE IS EXPECTED TO PUT FORWARD ITS PLANS ON WHETHER THE |
00:00:40 | STATE'S TOLL ROAD SHOULD BE PRIVATIZED OR LEASED. |
00:00:42 | SUPPORTERS SAY IT'S TIME TO GIVE THE IDEA THE GREEN LIGHT, |
00:00:45 | BUT OPPONENTS SAY IT'S A DEAD END. |
00:00:46 | WE'LL HEAR FROM BOTH, THIS WEEK IN "THE STATE OF OHIO". |
00:00:50 | IN THE NEXT FEW MONTHS, STATE OFFICIALS ARE EXPECTED TO COME |
00:00:56 | TO SOME CONCLUSIONS ABOUT WHAT SHOULD HAPPEN TO THE OHIO |
00:00:58 | TURNPIKE - WHETHER THE STATE WILL PRIVATIZE THE TURNPIKE, |
00:01:02 | LEASE IT OR SELL BONDS. IN NOVEMBER, THE KASICH |
00:01:05 | ADMINISTRATION SELECTED THE FINANCIAL CONSULTING FIRM OF |
00:01:08 | KPMG OUT OF A FIELD OF 14 APPLICANTS AND FIVE FINALISTS |
00:01:11 | TO LOOK INTO THE POSSIBLE OPTIONS OHIO HAS WITH THE |
00:01:14 | TURNPIKE. GOVERNOR JOHN KASICH TALKED |
00:01:18 | BRIEFLY ABOUT THE TURNPIKE IN HIS YEAR-END PRESS CONFERENCE |
00:01:21 | LAST WEEK, SAYING THAT HE STILL HASN'T DECIDED WHAT SHOULD BE |
00:01:25 | DONE, BUT THAT THE TURNPIKE IS AN UNDERUTILIZED ASSET AND THAT |
00:01:28 | THE STATE HAS NEEDS. >> WE NEED THE MONEY TO FIX OUR |
00:01:34 | ROADS. WE'LL SEE HOW IT GOES. |
00:01:38 | WE WILL NOT HAVE A VOTE FOR A LONG TIME, BECAUSE WE ARE LAYING |
00:01:42 | THE GROUNDWORK FOR BEING ABLE TO GET THIS DONE. |
00:01:45 | WE WILL NOT RELEASE THE UNDERLYING OWNERSHIP OF THE |
00:01:48 | STATE OF OHIO WHEN IT COMES TO ROAD. |
00:01:53 | ALL OF THAT CAN BE ACCOMMODATED IN A CONTRACT, AND WE WILL BE |
00:01:57 | FINE. IF IT DOES NOT WORK OUT, WE DO |
00:01:59 | NOT GET THE MONEY. IT WILL BE LIKE THE PRISONS. |
00:02:02 | WE SOLD ONE PRISON, NOT FIVE. WE HAVE THE SUPPORT OF THE |
00:02:09 | CHAMBERS OF COMMERCE AND OPERATING ENGINEERS. |
00:02:11 | THERE IS SOME OPPOSITION BY THOSE AT THE TURNPIKE. |
00:02:13 | >> SINCE THE IDEA OF LEASING THE TURNPIKE CAME OUT OF THE GATE, |
00:02:16 | CRITICS HAVE BEEN HITTING THE ROAD TO BLAST IT, SAYING TOLLS |
00:02:18 | WILL RISE, ALONG WITH TRAFFIC ON OTHER ROUTES BECAUSE OF |
00:02:20 | DRIVERS AND TRUCKERS TRYING TO AVOID PAYING THEM. |
00:02:22 | MANY OF THOSE ASKING THE STATE TO PUT THE BRAKES ON A TURNPIKE |
00:02:27 | DEAL ARE DEMOCRATS, BUT AT LEAST ONE IS THE FORMER DIRECTOR |
00:02:29 | OF THE OHIO TURNPIKE COMMISSION, GARY SUHADOLNIK, A |
00:02:33 | REPUBLICAN FORMER STATE SENATOR. I SPOKE WITH HIM IN SEPTEMBER |
00:02:37 | FROM THE FACILITIES OF WVIZ IN CLEVELAND. |
00:02:40 | YOU ARE A CONSERVATIVE REPUBLICAN, SO MOST PEOPLE MIGHT |
00:02:48 | THINK YOU WOULD SUPPORT PRIVATIZATION OF THE TURNPIKE, |
00:02:51 | BUT YOU HAVE OPPOSED THIS FOR YEARS. |
00:02:52 | YOU EVEN ENDORSED DEMOCRAT TED STRICKLAND IN 2006 BECAUSE OF |
00:02:58 | REPUBLICAN SUPPORT TO PRIVATIZE THE TURNPIKE. |
00:03:00 | >> I WOULD NOT SAY ENDORSED, BUT I PUT A BUMPER STICKER ON MY |
00:03:05 | CAR. I WAS ANGRY OVER SOME |
00:03:08 | ACTIVITIES, YES. I AM A CONSERVATIVE REPUBLICAN, |
00:03:12 | BUT AS A CONSERVATIVE IDEA, THE TURNPIKE IS A FEE-FOR-SERVICE |
00:03:16 | HIGHWAY. WE WANT MORE PEOPLE PAYING THEIR |
00:03:18 | OWN WAY AND GOVERNMENT INVOLVE LESS, BUT WHY CHANGE SOMETHING |
00:03:22 | SO SUCCESSFUL? >> YOU SAY YOU ARE OPPOSED |
00:03:26 | BECAUSE TURNPIKE DRIVERS ARE ALREADY PAYING TAX ON THEIR GAS, |
00:03:31 | PAIN DRIVER'S LICENSE FEES AND LICENSE PLATE FEES. |
00:03:34 | IF THEY GET TICKETS, THE FINES THE GET GO TO THE COMMUNITY. |
00:03:39 | THE TURNPIKE COMMISSION CAN MAKE IMPROVEMENTS AND THEN REPORT |
00:03:44 | THOSE TO THE FEDERAL GOVERNMENT AND GET MONEY BACK. |
00:03:47 | THAT DOES NOT NECESSARILY GO TO THE TURNPIKE. |
00:03:50 | YOU SAID THIS IS AN UNFAIR BURDEN THAT DRIVERS ON THE |
00:03:53 | TURNPIKE ARE DOING IN TERMS OF SUBSIDIZING THE REST OF THE |
00:03:56 | STATE. >> YOU SUMMED IT UP WELL. |
00:03:59 | THE TURNPIKE CUSTOMER IS ALREADY SUBSIDIZING OTHER INFRASTRUCTURE |
00:04:03 | PROJECTS AROUND THE STATE. IT IS UNFAIR. |
00:04:06 | WE DO NOT HAVE A TOLL-FREE HIGHWAY IN THIS AREA. |
00:04:09 | IF YOU TRAVEL EVERY DAY, YOU ARE PAYING MORE EVERY DAY IN THE |
00:04:18 | CALL. THE TURNPIKE CUSTOMER ALSO PAYS |
00:04:23 | GAS TAX. IT GOES TO OTHER HIGHWAYS, AND |
00:04:28 | IN SOME CASES COMPETING HIGHWAYS. |
00:04:30 | STATE ROUTE 2, IN THE SANDUSKY AREA, IS ALMOST PARALLEL TO THE |
00:04:35 | TURNPIKE. THE TRUCK'S DRIVE DOWN THAT |
00:04:37 | ROAD, PAID FOR WITH TURNPIKE DOLLARS. |
00:04:40 | YOU PAY A LICENSE PLATE FEE AND DRIVER'S LICENSE FEE TO PAY FOR |
00:04:44 | THE HIGHWAY PATROL, BUT FOR SOME REASON THE TURNPIKE IS EXCLUDED. |
00:04:49 | SO TURNPIKE CUSTOMERS PAY FOR THAT SEPARATELY. |
00:04:52 | THE BIGGEST IS THE FEDERAL BASH. -- THE FEDERAL MATCH. |
00:04:57 | THE TURNPIKE PAYS $30 MILLION TO $50 MILLION EVERY YEAR TO |
00:05:04 | RESURFACE, REPLACE A BRIDGE DECK, ADD A THIRD LINE. |
00:05:08 | OHIO REPORTS THAT TO THE FEDERAL GOVERNMENT AND DRAWS DOWN AND |
00:05:12 | 80% MATCH. IF THE TURNPIKE MAKES $30 |
00:05:17 | MILLION IN IMPROVEMENTS, ODOT IS ABLE TO IMPROVE OTHER PROJECTS |
00:05:23 | AROUND THE STATE. THE TURNPIKE CUSTOMER IS ALREADY |
00:05:27 | SUBSIDIZING THE REST OF THE STATE. |
00:05:29 | YOU KNOW A PRIVATE CONTRACTOR IS GOING TO RAISE TOLL RATES. |
00:05:32 | THAT IS WHAT HAPPENED IN INDIANA AND THE CHICAGO SKYWAY. |
00:05:36 | >> BUT SUPPORTERS HAVE CONTINUED TO STAND BY THE IDEA. |
00:05:39 | IN AUGUST, I HAD A CONVERSATION WITH JERRY WRAY, THE DIRECTOR OF |
00:05:41 | THE OHIO DEPARTMENT OF TRANSPORTATION, AND GENE KREBS, |
00:05:44 | A FORMER STATE REPRESENTATIVE WHO'S WITH THE GREATER OHIO |
00:05:46 | POLICY CENTER, WHICH EXAMINES TRANSPORTATION ISSUES AS THEY |
00:05:48 | RELATE TO THE ECONOMY, LAND USE AND GROWTH. |
00:05:50 | >> LET ME START WITH YOU, A DIRECTOR. |
00:05:56 | THE BUDGET DIRECTOR HAS TALKED ABOUT ONE-TIME MONEY BEING BAD |
00:06:01 | THING WHEN IT COMES TO LONG-TERM PROJECTS. |
00:06:04 | ÑiHOW IS LEASING THE TURNPIKE NT ONE-TIME MONEY FOR LONG-TERM |
00:06:12 | PROJECTS TAX CUTS FOR ONE THING, WE START OUT WITH THE PREMISE |
00:06:15 | THAT WE WILL NOT ACCEPT ONE-TIME MONEY. |
00:06:18 | AS WE APPROACH THE IDEA OF THE LEAST, WE ARE LOOKING AT A |
00:06:22 | SHORT-TERM LEASE, SOMEWHERE IN THE 30 TO 50 YEAR RANGE. |
00:06:27 | WE ARE LOOKING FOR A LUMP SUM IN THE BEGINNING, AND THEN A |
00:06:32 | PERCENTAGE OF CALLS THE LIFE OF THE LEASE. |
00:06:35 | AS WE DO DILIGENCE IN THE OPTIONS WE HAVE, WE WILL BE |
00:06:41 | EVALUATING THAT. ONE THING WE HAVE ALREADY |
00:06:43 | DECIDED IS WILL NOT TAKE ONE- TIME MONEY. |
00:06:46 | >> YOU HAVE TALKED ABOUT YOUR CONCERNS ABOUT ODOT FUNDING IN |
00:06:52 | THE FUTURE, AND FISCAL STABILITY. |
00:06:55 | WHAT ABOUT EVEN A SHORT-TERM LEASE, WHERE THERE IS A |
00:06:58 | PERCENTAGE OF CALLS? WHAT IS YOUR CONCERN? |
00:07:01 | >> I THINK THE SUCCESS WILL HINGE UPON WHETHER OR NOT THIS |
00:07:06 | ADMINISTRATION MAKES A KEY ASPECT OF HELPING EDUCATE THE |
00:07:09 | CITIZENS OF OHIO THAT THE REASON FOR DOING THIS IS, FRANKLY, |
00:07:13 | ODOT'S PENDING FISCAL COLLAPSE. IF YOU LOOK AT THE FAILURE OF |
00:07:19 | THE STRICKLAND ADMINISTRATION TO GET SUPPORT BEHIND THEIR REAL |
00:07:23 | ÑiOPPOSITION -- RAIL PROPOSITIO, THAT FAILED BECAUSE THE |
00:07:30 | CITIZENRY DID NOT UNDERSTAND THE IMPENDING FISCAL SITUATION. |
00:07:32 | BETWEEN NOW AND 2017, ODOT WILL HAVE A $1.50 BILLION DEFICIT. |
00:07:40 | MY FIGURES ARE $3.90 BILLION. IT MAY BE MUCH WORSE THAN THAT. |
00:07:45 | WHEN YOU LOOK AT ODOT'S STRUCTURAL PROBLEMS, GAS LEASING |
00:07:53 | CONSUMPTION IS GOING DOWN. YOUNG PEOPLE ARE DRIVING LESS. |
00:07:58 | THEY ARE 17% LESS LIKELY TO DRIVE. |
00:08:01 | YOU HAVE ALL THESE FACTORS. PLUS THE COST OF CONSTRUCTION |
00:08:06 | PROJECTS -- IF I GO UP A MODEST 4%, A 3% DECLINE OF THEIR |
00:08:13 | REVENUE, THAT LEADS TO A LOSS EACH YEAR OF PURCHASING POWER. |
00:08:17 | THAT IS EQUAL TO 2 PENNIES OF GAS TAX. |
00:08:24 | IF YOU DO NOT STRUCTURALLY CHANGE HOW WE APPROACH THESE |
00:08:27 | THINGS AND WHERE THE MONEY COMES FROM, YOU WILL BE IN TROUBLE. |
00:08:31 | THE KEY THING IS THAT IF THE TURNPIKE IS LEAST -- KEEP IN |
00:08:35 | MIND THE MONEY FROM THAT NEEDS TO BE USED IN A MULTI MODAL |
00:08:39 | FASHION. WE NEED TO BE AGNOSTIC AS TO HOW |
00:08:43 | WE MOVE PEOPLE AND GOODS. WE NEED TO DO SO IN THE SAFEST |
00:08:48 | AND MOST COST-EFFECTIVE MANNER. THAT MAY NOT BE CARS AND TRUCKS. |
00:08:52 | IT MAY BE BARGE AND HEAVY RAIL. IT MAY BE LIGHT RAIL. |
00:08:56 | IT COULD BE TRANSIT, BICYCLE PATHS, SIDEWALKS. |
00:09:01 | THIS MONEY GIVES ODOT AN OPPORTUNITY TO LOOK AT IT IN AN |
00:09:07 | AGNOSTIC MANNER TO DETERMINE THE BEST AND SAFEST WAY TO MOVE |
00:09:12 | PEOPLE, AND GET OFF THE HIGHWAY KICK. |
00:09:14 | THIS IS NOT A GAS TAX MONEY, SO IT FREES THEM UP. |
00:09:18 | >> THIS IDEA OF FISCAL COLLAPSE -- HOW CRITICAL IS THE TURNPIKE |
00:09:23 | MONEY? WHAT ABOUT USING THE MONEY IN A |
00:09:25 | MULTI-MODAL WAY? >> WE AREÑi FACING A CRISIS. |
00:09:30 | MOSTLY, THE CRISIS RELATES TO FEDERAL FUNDING. |
00:09:33 | MOST PEOPLE DO NOT UNDERSTAND THAT WE ARE A STATE-ADMINISTERED |
00:09:38 | BUT FEDERALLY-DRIVEN PROGRAM. WE DEPEND UPON FEDERAL MONEY. |
00:09:42 | WE ARE LIVING IN THE SECOND YEAR WITHOUT A SURFACE |
00:09:48 | TRANSPORTATION REAUTHORIZATION BILL. |
00:09:49 | THAT WILL SUNSET -- DOUBLE SUN SAID THE END OF THIS MONTH, THE |
00:09:56 | END OF SEPTEMBER. WE ARE LOOKING AT A GENERAL |
00:09:59 | CRISIS IN TERMS OF FEDERAL FUNDING. |
00:10:01 | IT IS MY HOPE WE WILL GET SOMETHING, BUT IT IS LIKELY LESS |
00:10:05 | THAN WE HAVE HAD BEFORE. FOR THE FIRST TIME IN OHIO |
00:10:10 | HISTORY, LESS MONEY FROM THE FEDERAL GOVERNMENT AND WE HAD IN |
00:10:14 | THE PREVIOUS ACT. WE HAVE ISSUES. |
00:10:16 | THERE ARE CONSUMPTION ISSUES. PEOPLE ARE DRIVING LESS AND |
00:10:20 | USING MORE ECONOMICAL CARS. WE NEED TO SEPARATE THE LEASE OR |
00:10:26 | PRIVATIZATION, OR WHATEVER YOU WANT TO CALL IT, OF THE |
00:10:29 | TURNPIKE. THAT IS ONE THING WE NEED TO DO. |
00:10:32 | THE SECOND DEBATE IS WHAT TO DO WITH THE REVENUE WE GET. |
00:10:35 | I AGREE WITH GENE. NEED TO LOOK AT ALL ASPECTS OF |
00:10:41 | OUR TRANSPORTATION SYSTEM AND NOT THINK OF IT AS REGIONAL OR |
00:10:44 | LOCAL PROJECTS, BUT AS A STATEWIDE SYSTEM. |
00:10:48 | >> DEMOCRATIC CONGRESSMAN TIM RYAN TALKED A LITTLE BIT. |
00:10:53 | LET US HEAR WHAT HE HAD TO SAY. >> THE POLES HAVE NEARLY DOUBLED |
00:10:58 | SINCE IT HAS BEEN PRIVATIZED. RATES HAVE GONE UP. |
00:11:01 | IF YOU LOOK AT THE CHICAGO SKYWAY DRIVE, WHEN IT WAS |
00:11:07 | PRIVATIZED, AT THATÑi MOMENT, IT WAS 50 CENTS FOR A TOLL. |
00:11:11 | BY 2017, IT IS GOING TO BE $5 FOR A TOLL. |
00:11:16 | >>Ñi 50 CENTS A TOLL TO $5 FOR A TOLL IN CHICAGO.C(IS THAT WHAT D |
00:11:24 | POTENTIALLY FACE? >> ABSOLUTELY NOT. |
00:11:26 | IN A LEASE, WE WILL HAVEÑi CONTL ON THE TOLLS. |
00:11:30 | THE SITUATION IN OHIO, THE FINANCIAL DYNAMICS, IS NOT THE |
00:11:35 | SAME AS INDIAN OR ILLINOIS. WE HAVE A TURNPIKE IN GOOD |
00:11:40 | CONDITION, WHERE THE CALLS HAVE INCREASED PERIODICALLY THROUGH |
00:11:43 | THE YEARS. THEY ARE STILL LESS THAN THE |
00:11:45 | NATIONAL AVERAGE IN TERMS OF POLLS. |
00:11:47 | IN INDIANA, YOU HAD A ROAD IN BAD DISREPAIR, AND THE POLES HAD |
00:11:52 | NOT BEEN INCREASED IN 20 YEARS. THEY HAVE A COMPLETELY |
00:11:57 | DIFFERENT FINANCIAL DYNAMICS. WHATEVER WE DO, WE WILL HAVE |
00:12:00 | SOME CONTROL OVER HOW MUCH POLLS -- TOLLS AND INCREASE |
00:12:06 | ANNUALLY AND OVER THE LIFE OF THE LEASE. |
00:12:08 | YOU COULD SAY THAT COMMUTES THAT OUR LOCAL WOULD BE LESS THAN |
00:12:13 | THOSE THAT ARE ACROSS THE STATE. WE ARE VERY AWARE OF THE CONCERN |
00:12:18 | WITH TOLLS. WE ARE AWARE OF THE NEED TO KEEP |
00:12:24 | VEHICLES, INCLUDING TRUCKS, ON THE TURNPIKE. |
00:12:27 | WE WILL DO AN ANALYSIS TO MAKE SURE THE TOLLS ARE NOT AN |
00:12:33 | ACCEPTABLE. >> CONGRESSMAN RYAN HIT THE |
00:12:35 | HEART OF WHAT REPUBLICANS HAVE TALKED ABOUT A LONG TIME, |
00:12:39 | CHANGING THE STATE INTO A PRO- BUSINESS CLIMATE. |
00:12:42 | HE DOES NOT AGREE. >> PEOPLE TRUCKING IN AND OUT ON |
00:12:46 | THE TURNPIKE -- WE ARE GOING TO TELL GENERAL MOTORS THAT ALL OF |
00:12:51 | A SUDDEN THE TOLLS GOING TO DOUBLE ON THE TURNPIKE. |
00:12:56 | THE TRUCKING COMPANIES COMING IN AND OUT OF HERE IS FOREIGN TO |
00:13:01 | DOUBLE. WE ARE GOING TO SAY OHIO IS A |
00:13:04 | BUSINESS-FRIENDLY STATE AT THE SAME TIME? |
00:13:07 | WE HAVE THE MARCELLUS SHALE IN NORTHEASTERN OHIO AND EASTERN |
00:13:12 | OHIO, BEAUTIFUL SHALE,Ñi WITH NATURAL GAS COMING DOWN THE |
00:13:18 | PIPE, TREMENDOUS ECONOMIC OPPORTUNITIES TO TRUCK PRODUCTS |
00:13:21 | L AND WE ARE GOING TO TELL |
00:13:26 | BUSINESSES IN WESTERN PENNSYLVANIA AND WEST VIRGINIA |
00:13:31 | -- IN WESTERN PENNSYLVANIA, WESTERN VIRGINIA, AND WESTERN |
00:13:36 | NEW YORK, THAT WE WANTÑi TO -- E WANT YOU TO COME TO OHIO, BUT |
00:13:40 | PAY THESE TOLLS? THIS IS AN ANTI-DEVELOPMENT |
00:13:45 | PROPOSAL. [APPLAUSE] |
00:13:46 | >> THAT WAS CONGRESSMAN RYAN SPEAKING TO A FRIENDLY CROWD AT |
00:13:51 | A UNION HALL. THIS IDEA OF THIS BEING ANTI- |
00:13:55 | BUSINESS -- YOU ALREADY STRESSED THE TOLL WOULD NOT DOUBLE. |
00:13:58 | BUT A PRIVATE OPERATOR WILL BE IN THE BUSINESS OF MAXIMIZING |
00:14:03 | PROFITS. WON'T THERE BE PRESSURE ON THE |
00:14:06 | TOLLS, THE STATE, AND THE CLIMATE OHIO IS TRYING TO CREATE |
00:14:11 | TO BRING IN MORE BUSINESS? >> CERTAINLY, THE PRIVATE SECTOR |
00:14:17 | IS GOING TO BE INTERESTED IN MAKING MONEY. |
00:14:20 | WE UNDERSTAND THAT. THAT DOES NOT MEAN THIS HAS TO |
00:14:23 | BE A WIN-LOSE SITUATION. CERTAINLY, THERE IS AN OPERATOR |
00:14:28 | WHO BENEFITS OVER THE LONG TERM, BUT ALSO A FORMULA IN |
00:14:32 | PLACE THAT ALLOWS THE STATE OF OHIO, PARTICULARLY NORTHERN |
00:14:37 | OHIO, TO BENEFIT IN THE LONG- TERM AND SHORT-TERM. |
00:14:40 | >> LET ME ASK YOU TO WEIGH IN. >> ONE WAY TO ADDRESS THIS IS |
00:14:48 | THROUGH TRANSIT ORIENTED DEVELOPMENT. |
00:14:50 | IF YOU CAN COME UP WITH A SITUATION WHERE THE PROCEEDS |
00:14:53 | FROM THIS LEASE CAN DO ADDITIONAL TRANSIT, LIGHT RAIL |
00:14:58 | OPPORTUNITIES AND STREETCARS -- DEVELOPERS LOVE FIXED RAIL IN |
00:15:02 | THE PAVEMENT. DEVELOPERS WILL NOT DEVELOP, |
00:15:05 | THEY TOLD ME IN A GROUP, AT A BUS LINE. |
00:15:09 | THEY ARE RELUCTANT TO DO SO, BECAUSE THE BUS LINE CAN BE |
00:15:13 | MOVED BY A BUREAUCRATIC DECISION THE FOLLOWING MONDAY. |
00:15:16 | YOU PUT FIXED RAIL INTO THE STREET OF A CITY, AND THEY ARE |
00:15:21 | MORE LIKELY TO COME THROUGH, JUST LIKE WE HAVE SEEN WITH |
00:15:25 | INTERSTATE INTERCHANGES. IT IS THE SAME PHENOMENON. |
00:15:27 | WITH TRANSIT-ORIENTED DEVELOPMENT, YOU ARE ABLE TO DO |
00:15:33 | TAX INCREMENT FINANCING. YOU CAPTURE SOME OF THE |
00:15:36 | DEVELOPER WEALTH AND PUT IT BACK INTO PAYING IT OFF. |
00:15:38 | THE LEASE AT THIS TIME FOR THE TRANSIT OR DEVELOPMENT ACCESS TO |
00:15:45 | SEE THE MONEY, AND THEN THE T.O.D. IS A LONG-TERM REVENUE |
00:15:51 | STREAM. >> THAT WOULD BENEFIT THE |
00:15:54 | COMMUNITIES. MANY ARE CONCERNED THAT THE |
00:15:56 | HIGHER TOLLS WILL BRING MORE DRIVERS ONTO ROUTE 2 AND I-480 |
00:16:03 | AND I-90. >> I HAVE BEEN THROUGHOUT |
00:16:07 | NORTHERN OHIO. THEY FEEL, RIGHTLY OR WRONGLY, |
00:16:10 | AND THE OWNERSHIP OF THE TURNPIKE. |
00:16:11 | THAT IS HOW THEY FEEL ABOUT IT. >> IT RUNS BY WHERE THEY LIVE. |
00:16:16 | >> THEY THINK THEY OWN IT. THE STATE MAY DISAGREE, BUT THAT |
00:16:21 | IS THE EMOTIONAL INTENSITY OF WHAT THEY DO. |
00:16:23 | I WOULD SUGGEST THAT IF THE STATE IS GOING TO LEASE IT, THAT |
00:16:29 | THEY LOOK AT TARGETING THOSE FIRST 10 OR 15 YEARS OF |
00:16:32 | INVESTMENT INTO A CORRIDOR ABOUT 20 MILES RADIUS ON EITHER |
00:16:36 | SIDE OF THE EXISTING TURNPIKE TO DO THESE TYPES OF TRANSIT- |
00:16:40 | ORIENTED DEVELOPMENTS THAT WOULD GIVE MORE WEALTH AND |
00:16:44 | OPPORTUNITIES. THE OTHER THING -- THIS WAS |
00:16:47 | ADDRESSED IN CONGRESSMAN RYAN CONCERNS. |
00:16:50 | THERE HAS ALWAYS BEEN THIS DREAM TO CONNECT PITTSBURGH TO |
00:16:54 | YOUNGSTOWN TO AKRON TO CLEVELAND. |
00:16:56 | BETWEEN KYLE HOPE THE COUNTY AND SUMMIT COUNTY, YOU HAVE 60,000 |
00:17:03 | COMMUTERS EVERY DAY. IF ODOT WERE TO COME UP WITH A |
00:17:08 | TRANSIT MODEL THAT COULD GET 20,000 OF THOSE COMMUTERS OFF OF |
00:17:12 | EIGHT UP THERE EACH DAY, HE WOULD HAVE A TREMENDOUS IMPACT |
00:17:17 | ON THE OTHER REMAININGÑi COMMUTERS, AND CREATE BUSINESS, |
00:17:22 | CREATE WEALTH. >> LET ME ASK YOU ABOUT THAT. |
00:17:25 | WHAT IS THE POSSIBILITY OF USING THAT MONEY IN THE WAY GENE IS |
00:17:31 | TALKING ABOUT? >> THERE ARE TWO ISSUES. |
00:17:33 | WHAT ARE WE GOING TO DO REGARDING THE TURNPIKE? |
00:17:36 | AND WHAT ARE WE GOING TO DO WITH THE REVENUE IF WE DO SOMETHING? |
00:17:39 | CERTAINLY, WE WILL HAVE A ROBUST DISCUSSION AROUND THAT MONEY. |
00:17:44 | IF WE DON'T DO SOMETHING WITH THE TURNPIKE, WE CAN DISCUSS |
00:17:48 | WHAT WE WILL DO WITH NOTHING. >> BUT IN MY CONVERSATION WITH |
00:17:51 | GARY SUHADOLNIK, HE SAID HE DIDN'T BELIEVE THAT TOLLS HIKES |
00:17:53 | WOULDN'T GO INTO OVERDRIVE. >> I DO NOT. |
00:17:59 | I SEE THE INDIAN CONTRACT AND THE SKY WITH CONTRACT. |
00:18:03 | THEY HAD A NUMBER OF INDEXES. ONE WAS THE CONSUMER PRICE |
00:18:10 | INDEX. ANOTHER WAS A CONSTRUCTION |
00:18:12 | INDEX, CONSTRUCTION MATERIALS. OF ALL THE INDEXES IN THERE, THE |
00:18:17 | CONSUMER PRICE INDEX WAS THE LOWEST INDEX. |
00:18:19 | ALL THE OTHERS WERE MUCH HIGHER. BASICALLY, WHENEVER INDEXES THEY |
00:18:24 | PUT INTO THE CONTRACT, THE CONTRACTOR WILL USE IT TO THEIR |
00:18:28 | ADVANTAGE. SECOND, IF THEY REALLY PROHIBIT |
00:18:31 | ANY INCREASES, THEY WILL NOT GET MUCH MONEY FOR THE TURNPIKE. |
00:18:34 | YOU CAN PAY ME NOW OR PAY ME LATER. |
00:18:38 | I THINK THERE WILL BE VERY GENEROUS INDEXES IN THAT. |
00:18:42 | ANY CONTRACT THEY ARE GOING TO HAVE WITH A PRIVATE -- A REALLY |
00:18:45 | SHOULD SAY A FOREIGN CONCERN. THE LAST STATE TO TRY TO LEASE A |
00:18:49 | TOLL ROAD WAS FLORIDA. ALL THE POTENTIAL BIDDERS WERE |
00:18:53 | FROM FOREIGN COUNTRIES. WHOEVER IS SUCCESSFUL ON BOTH |
00:18:58 | THE CHICAGO SKYWAY AND INDIANA TOLL ROAD, THEY ARE FOREIGN |
00:19:02 | CONCERNS. WHOEVER THAT BUSINESS IS, AFTER |
00:19:06 | THEY GIVE OHIO $3 BILLION, OR WHATEVER THE AMOUNT OF MONEY, |
00:19:11 | AND THEY WANT TO RAISE TOLLS AND HARRY REID SAYS YOU CANNOT, |
00:19:15 | GUESS WHAT? THEY WILL BE IN COURT, FIGHTING |
00:19:17 | OVER THE DETAILS. OUR ATTORNEY GENERAL WILL BE |
00:19:21 | SPENDING MILLIONS OF DOLLARS FIGHTING THESE DETAILS IN COURT. |
00:19:24 | IT IS NICE TO TALK ABOUT A CONTRACT, BUT IT WILL BE VERY |
00:19:28 | DIFFICULT TO ENFORCE. >> THERE ARE TWO ARGUMENTS I |
00:19:32 | HAVE HEARD ABOUT LEVERAGING THIS ASSET AND WHY WE NEED TO |
00:19:35 | PRIVATIZE THE TURNPIKE. THE FIRST IS CONCERN ABOUT |
00:19:40 | FEDERAL HIGHWAY FUNDING. WE HAVE A BILL SET TO COME UP |
00:19:42 | FOR A VOTE BY THE END OF THE MONTH. |
00:19:44 | IF IT DOES NOT GET PASSED, THERE IS CONCERN SOME PROJECTS IN THE |
00:19:48 | PIPELINE MIGHT NOT GET FINISHED. THE IDEA IS THAT IF THE MONEY |
00:19:55 | WERE THERE FROM LEVERAGING THE ASSET OF THE TURNPIKE, MAYBE WE |
00:19:58 | WOULD NOT BE SO DEPENDENT ON FEDERAL FUNDING. |
00:20:01 | MAYBE IF WE GET LESS, IT WOULD NOT HURT THAT BAD. |
00:20:04 | WHAT ABOUT THAT IDEA? >> HERE IS THE TRUTH. |
00:20:07 | FOR 56 YEARS, THIS DOES NOT COST OHIO A PENNY. |
00:20:13 | THE TURNPIKE WAS CONSTRUCTED AND MAINTAINED THROUGH TOLL REVENUE. |
00:20:17 | THE TURNPIKE CUSTOMER WHO HAS PAID FOR 56 YEARS AND IS ALREADY |
00:20:23 | SUBSIDIZING THE STATE -- NOW THE GOVERNOR WANTS THOSE PEOPLE TO |
00:20:26 | TRAVEL AND PAY MORE TO HELP OUT THE REST OF THE STATE. |
00:20:30 | I HAVE HEARD SOME OF THIS ARGUMENT. |
00:20:34 | THE MAJORITY OF THE PROJECT WOULD BE AROUND THE CORRIDOR? |
00:20:37 | WHAT THIS IS IS LIKE THE GOVERNMENT SAYING, "I WANT YOU |
00:20:41 | TO TAKE OUT A SECOND MORTGAGE ON YOUR HOUSE. |
00:20:44 | YOU PAY FOR THE SECOND MORTGAGE. I WILL TAKE THE PROCEEDS AND FIX |
00:20:48 | SOME OF THE HOUSES IN YOUR CITY. AS A MATTER OF FACT, I WILL FIX |
00:20:53 | THE MAJORITY IN YOUR NEIGHBORHOOD. |
00:20:54 | YOU SHOULD BE HAPPY WITH THAT." THIS IS A BAD DEAL. |
00:20:58 | I GO BACK TO THE CONCEPT OF LEASING. |
00:21:01 | IT IS A BAD IDEA. IF IT WAS SUCH A GOOD IDEA, WE |
00:21:05 | WOULD ALL LEASED OUR HOMES AND CARS. |
00:21:07 | LEASING IS A BAD IDEA. IT IS REALLY A BAD IDEA RIGHT |
00:21:12 | NOW. %E%EI |
00:21:13 | HOME. JUST LIKE TRYING TO SE IT IS A TERRIBLE TIME TO SELL |
00:21:18 | AND A WONDERFUL TIME TO BUY. THE TURNPIKE WILL NOT GET THE |
00:21:22 | AMOUNT OF PAYMENT FROM A PRIVATE VENDOR THAT INDIANA RECEIVED. |
00:21:27 | INDIANA IS 157 MILES LONG. THE OHIO TURNPIKE IS 240 MILES |
00:21:33 | LONG. OUR ROAD IS IN BETTER CONDITION. |
00:21:36 | WE WILL RECEIVE LESS MONEY. WE ALREADY HAVE IT EASY PASS |
00:21:40 | INSTALLED. THIS IS THE WRONG TIME TO LEASE |
00:21:44 | IT. IT WILL BE A FIRE SALE. |
00:21:46 | WHEN THE ECONOMY IMPROVES, THE FOREIGN VENDOR WILL MAKE A TON |
00:21:51 | OF MONEY OFF NORTHERN OHIOANS. >> THE OTHER ARGUMENT I HAVE |
00:21:56 | HEARD IS WE HAVE A SERIOUS PROBLEM WITH ODOT GOING BROKE. |
00:22:02 | THEY PROJECT A $1.50 BILLION DEFICIT BY 2017. |
00:22:06 | GENE KREGS JESSICA BE A LOT MORE. |
00:22:13 | FEWER PEOPLE ARE DRIVING AND CONSTRUCTION COSTS ARE RISING. |
00:22:17 | WHAT CAN WE DO ABOUT THAT, WITHOUT THE MONEY FOR THE LEASE |
00:22:21 | OF A TURNPIKE GOING FORWARD? >> I DO NOT KNOW WHY THE |
00:22:25 | TURNPIKE IS THE PROBLEM. THERE ARE 3 BILLION MILES A YEAR |
00:22:30 | TRAVELED ON THE TURNPIKE BY CARS AND TRUCKS. |
00:22:32 | THAT IS SAVING OHIO ROSE $3 BILLION. |
00:22:36 | THE TURNPIKE IS SAVING ODOT TONS OF MONEY AND CONTRIBUTING TONS |
00:22:43 | OF MONEY. WHY ARE YOU PUTTING MORE OF A |
00:22:44 | BURDEN ON THE TURNPIKE? IF THE REST OF THE HIGHWAYS NEED |
00:22:48 | ADDITIONAL MONEY, IT IS UP TO THE PEOPLE USING THEM TO |
00:22:51 | CONTRIBUTE. THE TURNPIKE IS SELF-SUFFICIENT, |
00:22:55 | AND IS CONTRIBUTING ADDITIONAL DOLLARS TO THE STATE. |
00:22:58 | WHY ARE YOU PICKING ON THE ONE THAT IS NOT COSTING YOU ANY |
00:23:01 | MONEY? USING THAT LOGIC, LET US LEAST |
00:23:04 | THE STATE UNIVERSITY AND LOWER TUITION AROUND THE REST OF THE |
00:23:08 | STATE. LET US DO SOMETHING SIMILAR. |
00:23:10 | LET US LEASE OF THE STATE HOUSE. WHY DON'T WE DO THAT? |
00:23:13 | THIS IS A RIDICULOUS IDEA, TERRIBLY UNFAIR TO NORTHERN |
00:23:19 | OHIO. WHEN THE POLLS GO UP, THAT IS |
00:23:22 | NOT WANT TO MAKE NORTHERN OHIO MORE COMPETITIVE. |
00:23:24 | IT WILL NOT HELP PEOPLE DRIVING TO WORK ON THE TURNPIKE. |
00:23:28 | I DO NOT KNOW WHO WILL HELP. IT WILL NOT HELP NEIGHBORING |
00:23:32 | COMMUNITIES THAT GET MORE OF THE DIVERTED TRAFFIC. |
00:23:35 | THIS IS A BAD IDEA. THESE ARE DIFFICULT TIMES. |
00:23:40 | YOU OF PRESENTED DIFFICULT CIRCUMSTANCES THE STATE IS IN |
00:23:44 | TODAY. BUT A BAD IDEA, EVEN IN BAD |
00:23:47 | TIMES, IS STILL A BAD IDEA. THE WORKERS WILL NOT BENEFIT. |
00:23:52 | THE COMMUNITIES WILL NOT BENEFIT. |
00:23:53 | ODOT WILL NOT BENEFIT. AS TRAFFIC IS CHASED OFF THE |
00:23:59 | TURNPIKE, IT WILL WEAR OUT OTHER ROADS. |
00:24:02 | THIS IS A BAD IDEA. >> FINALLY, THE DIRECTOR SAID A |
00:24:08 | FEW WEEKS AGO, WHEN YOU ARE MOVING FORWARD WITH SOME ACTION, |
00:24:12 | WE ARE NOT GOING TO LET IT SIT THERE. |
00:24:14 | WE ARE GOING TO DO SOMETHING. DOES THAT MAKE THIS SOUND LIKE A |
00:24:18 | DONE DEAL, LIKE THERE IS NOTHING THAT CAN BE DONE TO CHANGE IT BY |
00:24:21 | YOU OR ANYBODY ELSE? >> I AM VERY CONCERNED THAT THE |
00:24:25 | GOVERNOR AND THE DIRECTOR ARE GOING TO PREVAIL WITH A LEASE. |
00:24:29 | I REALLY THINK THIS IS A TERRIBLE, TERRIBLE A BAD IDEA. |
00:24:35 | IN THE CASE OF THE TURNPIKE, BY LOT IT IS NOT ALLOWED TO HIRE A |
00:24:40 | LOBBYIST. THE TURNPIKE EMPLOYEES ARE |
00:24:43 | CONCERNED ABOUT THEIR FUTURES. THEY ARE AFRAID TO SPEAK OUT. |
00:24:47 | THIS IS GOING TO BE A ONE-SIDED ARGUMENT, WHICH IS A REASON I |
00:24:52 | DECIDED TO SPEAK OUT. THERE IS NO ONE DEFENDING THE |
00:24:55 | TURNPIKE. FORTUNATELY, THEY HAVE THE BEST |
00:24:58 | ARGUMENT. I AM SPEAKING OUT. |
00:25:00 | I AM HOPEFUL I CAN REACH ENOUGH PEOPLE. |
00:25:03 | I AM KNOWN AROUND THE COMMUNITY. AÑi BUMP INTO PEOPLE. |
00:25:08 | THEY KNOW I WAS A LEGISLATOR AND DIRECTOR OF THE TURNPIKE. |
00:25:11 | PEOPLE TELL ME THEY THINK IT WAS A BAD IDEA. |
00:25:14 | PEOPLE ARE WORRIED ABOUT THEIR JOBS AND MAKING THEIR MORTGAGES, |
00:25:19 | SO THEY WILL NOT FIGHT FOR THIS TOOTH AND NAIL. |
00:25:21 | BUT THEY DO EXPRESS THEY ARE OPPOSED. |
00:25:24 | I THINK THIS IS A BAD IDEA. AT LEAST NORTHERN OHIO IS |
00:25:29 | GENUINELY OPPOSED. I THINK THE GOVERNOR BETTER WAKE |
00:25:32 | UP AND LISTEN TO THOSE PEOPLE. WE WILL SEE WHAT THE FUTURE |
00:25:35 | BRINGS. >> GOVERNOR KASICH HAS SAID |
00:25:38 | THAT AT LEAST HALF OF THE REVENUE FROM THE TURNPIKE WILL |
00:25:40 | GO TO COMMUNITIES AND PROJECTS IN NORTHERN OHIO. |
00:25:42 | AND HE SAID HE WANTS SOME RESERVED FOR FIXING BRIDGES AND |
00:25:44 | TO SUPPORT PUBLIC TRANSIT. WE WILL KEEP AN EYE ON THIS. |
00:25:50 | AND THAT'S IT FOR THIS WEEK. FOR MY COLLEAGUES AT OHIO PUBLIC |
00:25:54 | RADIO AND TELEVISION, THANKS FOR WATCHING. |
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Note : Transcripts are compiled from uncorrected captions