What are the advantages and disadvantages of constructing the proposed loop as a toll road?
The advantage of constructing the proposed loop as a toll road involves the speed of construction. Using toll bonds for financing the construction can speed construction of the roadway and provide benefits to the traveling public much sooner than if using standard financing. For instance, if the entire loop proves to be feasible as a toll road, then it might be possible to construct the entire loop around Weatherford within the next five to ten years. If the project does not prove feasible as a toll road, then it might be seven to ten years before the first segment of the loop is constructed, and may take another ten to twenty years to complete the remaining segments of the loop.The disadvantage of constructing the proposed loop as a toll road will be in having to pay an additional fee to drive on the loop. Tolls paid for using the roadway are in addition to the motor fuel taxes already paid by drivers. Since some drivers will not pay to use toll roads, then there will be less of a red
The advantage of constructing the proposed loop as a toll road involves the speed of construction. Using toll bonds for financing the construction can speed construction of the roadway and provide benefits to the traveling public much sooner than if using standard financing. For instance, if the entire loop proves to be feasible as a toll road, then it might be possible to construct the entire loop around Weatherford within the next five to ten years. If the project does not prove feasible as a toll road, then it might be seven to ten years before the first segment of the loop is constructed, and may take another ten to twenty years to complete the remaining segments of the loop. The disadvantage of constructing the proposed loop as a toll road will be in having to pay an additional fee to drive on the loop. Tolls paid for using the roadway are in addition to the motor fuel taxes already paid by drivers. Since some drivers will not pay to use toll roads, then there will be less of a re
