Oklahoma Turnpike Authority Approves Toll Hike to Fund $9 Billion Project
What happened
The Oklahoma Turnpike Authority approved a toll increase for its state turnpike system, effective January 5. For PikePass customers, the cost will rise by about a penny per mile driven. This increase is intended to fund a 15-year, $9 billion expansion and improvement project called ACCESS, and also applies to the Gilcrease Expressway, which is not part of the turnpike system.
From publicradiotulsa.org
Why it matters
The toll hike is designed to generate a 6% revenue increase for the Oklahoma Turnpike Authority. The agency anticipates considering another 6% increase every two years to keep revenues adjusted for inflation and support the significant reinvestment into the system.
From publicradiotulsa.org
Who's involved
- Oklahoma Turnpike AuthorityGovernment agency managing the turnpike system and approving the toll increase
- Oklahoma CityCity where the turnpike system operates
- TulsaCity where the turnpike system operates
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Oklahoma Turnpike AuthoritySpeculative
The Oklahoma Turnpike Authority might see its revenue increase by 6% due to the new toll structure.
- OklahomaSpeculative
The toll increase could boost state infrastructure funding through the Authority's revenue.
- Oklahoma Department of TransportationSpeculative
The Oklahoma Department of Transportation might benefit from the funding dedicated to the ACCESS infrastructure project.
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The entities involved
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Oklahoma City
city and state capital of Oklahoma, United States
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Oklahoma Turnpike Authority
government agency
Nothing else this week.
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Tulsa
city in Oklahoma, United States and county seat of Tulsa County