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Apr. 11, 2008
Copyright © Las Vegas Review-Journal

Budget may take tolls on Nevada roadways

By FRANCIS McCABE
REVIEW-JOURNAL

Nevada took a step toward making toll roads a reality Thursday, after an advisory board to the state Department of Transportation recommended a 19-mile demonstration project be built in Las Vegas.

The project calls for a public-private partnership to build and maintain toll lanes on U.S. Highway 95, from Ann Road to Interstate 215 in the southeast valley, and on Interstate 15, from the Spaghetti Bowl south to the I-15's interchange with Interstate 215.

Fly-over lanes would connect I-15 to U.S. 95 so motorists using the toll lanes could avoid onramps and offramps at the Spaghetti Bowl.

Private investment would cover nearly all of the costs of the project. And free lanes would continue to be maintained along those routes.

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    • "There has been a lot of talk, there have been a lot of meetings, here is an opportunity to try it," Transportation Department Director Susan Martinovich told the department's Public Private Partnership Advisory Panel on Thursday.

    If the demonstration project didn't work, she said, the state could walk away from the toll roads.

    The Transportation Department board will decide whether to continue to pursue the project.

    Still, toll roads would be years away. The Legislature, which doesn't convene again until 2009, would have to pass laws allowing tolls and automated enforcement.

    During the 2007 Legislature a proposal to allow tolls in Nevada failed to get a committee hearing.

    The demonstration project would offer a maximum toll of 30 cents a mile, or a total of $5.70 to travel all 19 miles during peak hours. Tolls would vary depending on the time of day and could drop to 5 cents a mile during off-peak hours.

    Analysts from the investment bank Goldman Sachs told the subcommittee that the demonstration project would cost an estimated $1.4 billion, of which 88 percent could be paid for by private entities.

    The public-private partnership would then allow private investors to reap the proceeds from the toll lanes to pay back their investment at a fair rate of return, which was judged to be 13 percent.

    Anything earned on the roads above that amount would be shared with the state.

    It could take up to 50 years for investors to reach the goals of their investment, at which time the toll lanes would be turned over to the state.

    There are several similar public-private partnerships throughout the nation, including in Virginia, Texas and Illinois.

    Contact reporter Francis McCabe at fmccabe@reviewjournal.com or 702-387-2904.

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    Options wrote on April 12, 2008 12:24 AM: Isn't the easy solution to just not use the toll roads? Amazing it comes to this: don't build a road and sit in traffic, or build an extra road and have the option not to sit in traffic and people complain about both. Most people whine about taxes and whine about traffic and think there is some magical solution that requires no pain. Good luck with that.


    Say No to Tolls wrote on April 11, 2008 02:47 PM: They slow down traffic because of 2 mile jams with people waiting to pay, You sit in line for 15 mins and still have to pay, Its retarded.


    Great News! wrote on April 11, 2008 11:59 AM: Hmmm, .30 cents per mile seems a bit stiff, but I'd probably pay it daily to avoid incidents like todays Road Rage article.

    Why not? I'm driving a Hybrid in the toll lane, your driving an SUV in the regular lane, so the actual cost of ownership is a wash. I get home first so I win.


    say what wrote on April 11, 2008 11:24 AM: vote them out if they do toll roads.come on people if they do this then all roads will be toll...


    Dan wrote on April 11, 2008 10:36 AM: Why do this now, on top of gas prices?

    How is a 13% return a 'fair rate' for investors?

    All they are going to do is flood other roads with all the cars that don't want to pay the tolls.


    Dave L wrote on April 11, 2008 09:53 AM: Any legislator signs off on this and they are dead meat!

    I look forward to when the Legislature stops giving millions upon millions of taxpayer money to numerous private and non-profits in this state and apply our money to roadways and other neccesary expenditures


    Nick wrote on April 11, 2008 08:03 AM: Didn't work in Riverside, won't work here.