Careful reading of the Parkway study reveals some flaws that lead to invalid projections of revenue. The most glaring error is the definition of other highways near the proposed JP route. The …
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Careful reading of the Parkway study reveals some flaws that lead to invalid projections of revenue. The most glaring error is the definition of other highways near the proposed JP route. The description of other roads like SH-93, SH128, SH-72 are what they are currently, not what they will be like in 2020 when the Parkway construction is planned to begin. The error is in comparing the traffic projection on the future JP with the competing highways as they exist now. There are plans to improve these highways and some has already started. Also, there is an overoptimistic projection of the amount of traffic that will use the 10 mile Phase 1 (Initial Build) Parkway. Drivers are not likely to pay a toll to save a few minutes at most when the nearby free roads can take them anywhere the JP could.
The study does not include what designing, building, operating and maintaining the Parkway will cost in 2020. CDOT and Denver Regional Council of Governments have announced that the Parkway is a “stand alone” project and will receive no Federal or State funds, as have E-470 and the NW Parkway Public-Private-Partnership organizations. No profit-making company has come forward in the nine years that the JPPHA has been spending taxpayer money to participate because toll revenue alone will not cover costs.
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