OU Daily
By Thomas Pablo Sept 17, 2024
Pike Off OTA released a statement on Friday celebrating the Oklahoma Turnpike Authority’s removal of roads for the ACCESS Oklahoma project plans.
Amy Cerato, president of Pike Off OTA and Oklahomans for Responsible Transportation, said in a statement that limiting access roads removes Norman’s requirement to fund and maintain them, saving hundreds of millions of dollars. She added that the rejection could open the OTA to scrutiny from the U.S. Securities and Exchange Commission as the project would now have a different revenue projection.
“We all know that the original revenue outlook was still billions of dollars in the red and now with this limited access their revenue projections are even more disastrous,” Cerato said. “It is interesting that the Oklahoma Turnpike Authority thinks they can continue with this project without going back to the Council for Bond Oversight or their bondholders and reassessing their revenue studies based on this new information.”
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