Ohio Governor, John Kasich scraps turnpike leasing plan - Cleveland 19 News Cleveland, OH

Governor scraps turnpike leasing plan

Governor John Kasich scraps his plan to lease the turnpike and comes up with another plan.

The program calls for issuing $1.5 billion in new bonds-issued by the Ohio Turnpike Commission and backed by future turnpike revenue.

The turnpike gains new funds and most of those funds will go to Northern Ohio projects.

In addition, local tolls are frozen for 10 years, hikes on others capped at inflation.

The Turnpike Commission remains independent and no layoffs are part of the plan.

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