Friday, January 12, 2007

Leasing roadways to generate capital; what a concept

It’s no surprise that not only are local municipalities and school districts in financial straits, but state governments are as well. Everyone seems to have their ideas on what can and can’t be done to save a buck here and there. We’ve not heard a lot of “out-of-the-box” ideas, though. Steve Dedow offered some when he ran for the 53rd state assembly district a few years ago. But rare is the candidate for office or already seated legislator who is able to offer such concepts.

We’ve heard about, and more and more governing bodies are turning to, naming rights in order to save money or generate new dollars. In many cases, like ball diamonds and stadiums, those are nothing more than leasing rights, if you will. Well, here’s a story about some pretty large-scale leasing rights, and definitely, some “out-of-the-box” thinking. And it’s not only proving to be a money-maker for some states, it’s an idea that is gaining some momentum. I wonder if we’ll ever see it here.

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