Media Mentions
2007
Peter Humphreys was quoted in Houston Chronicle on May 23 and The Philadelphia Inquirer on May 24 regarding the New Jersey toll road annually increasing tolls on some of the nation's busiest toll roads to help lure investors who would provide as much as $15 billion to help the state cut debt and pay for unmet needs. Mr Humphreys said such a plan would allow New Jersey to quickly raise money without losing control over the toll roads, as would happen if they were leased. Mr Humphreys commented in both publications by saying "The most important thing is keeping control of the asset because once it's gone, it's gone." He also said he couldn't estimate how much money New Jersey might raise by such a move, contending that it would depend on how much tolls are increased and for how long the state chooses to estimate toll revenue.
Peter Humphreys was quoted by the Associated Press on March 3 regarding an alternative to leasing New Jersey's busy toll roads to private companies. The idea is to borrow against future toll revenue to pay debt, reduce property taxes and fund unmet needs. "You could raise a lot of money here very quickly," commented Mr. Humphreys, who also said he is not aware of any other state that has done this.
Peter Humphreys, Corporate, Derivatives, Structured Finance and Financial Products, Structured Finance and Derivatives
Peter Humphreys was quoted by The New York Times on February 28 regarding the possibility of leasing the New Jersey Turnpike to a private company. In one plan, tolls would be increased by 15 percent and bonds would be issued. Assuming interest rates remain where they are today, that could bring in $1.2 billion for the state, said Mr. Humphreys.
Peter Humphreys, Corporate, Derivatives, Structured Finance and Financial Products, Structured Finance and Derivatives
