Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 3 · column 4 of 6 · from the scan, no model involved
chairman and chief executive officer said. “The more cars we can attract, the better.”
Mr. Stanley said he considers nearby Route 7 and U.S. 50 his competition, particularly because they are toll free. However, he does not see tolls as a deterrent.
“In my view people will pay for mobility in this region,” said Mr. Stanley. The problem is, he explained, is that the people think that they have been paying but are not getting their value back.
With the toll road extension, Mr. Stanley predicts a good return, a $10 million to $15 million surplus per year.
“We’re taking on the full risk of the extension,” explained Stanley. If the firm’s revenue projections prove totally baseless and the company goes under, “I've got a bunch of very angry bondholders, any you’ve got a free road.”
The next move to follow roads and railways is to arrive at a plan for spending the surplus, said Mr. Stanley. He advocates keeping and spending the money locally.
Looking down the road 40 year, Mr. Stanley said people should be thinking mass transit. Both he and Mr. Halaby predict that environmental laws will seriously inhibit transportation building efforts by the year 2000.
Prospects for DART rail in 1989 are fairly good, said Mr. Halaby. Comparing the progression of Mr. Stanley’s Dulles Toll Road project with DART Rail, Hallaby said, “We're still in the station, he’s pulling out.”
85.5%