California Editorial: Public-private partnerships are an industry gimmick that don’t serve public well

The start of a new legislative session inevitably brings calls from industry for lawmakers to authorize privatizing state highway projects through so-called “public-private partnerships.”

That would be a mistake.

Proponents claim multiple benefits such as cost savings and efficiency. But they fail to mention that previous highway projects in our state built with the same scheme they seek have not delivered as promised.

In fact, they are marked by taxpayer bailouts, cost overruns and bankruptcies.