Reason Foundation Study Shows the State Can Make Billions With 50-Year Lease of the Florida Turnpike

The Reason Foundation released a study on Tuesday showing the Sunshine State could reap between $11 billion to $17.9 billion if it leases the Florida Turnpike through a 50-year lease.

The libertarian think tank offered some of the details on the study.

“Using data from comparable long-term toll road leases worldwide, the Reason Foundation report estimates that the medium-range net proceeds (after paying off outstanding turnpike bonds) would be $14.5 billion for a 50-year lease of the Florida Turnpike. The state would likely be able to choose to receive that money in either a lump-sum up-front payment or annual lease payments,” the Reason Foundation