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06/25/2006

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Comments

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Arun Khanna

On a more fundamental level, private property is better managed and maintained than public property. Mitch Daniels is a Republican.

Patrick R. Sullivan

Richard Daley is a Democrat, and he led this parade by leasing Chicago's Skyway two years ago. And other Illinois Democrats are preparing to lease the remainder of their toll roads, as well as Midway Airport. The economics are so straightforward even the Dems see it.

On, 'first mover advantage', well, Good Luck. As Stan Liebowitz acidly noted in his, 'Re-Thinking the Network Economy'(chapter 3, 'Racing to be First'), it's easy to find companies that tried that strategy and are now defunct.

Ironically, the advantage was supposed to apply to high tech, not 'bricks and mortar' companies. What's more 'bricks and mortar' than highways?

Patrick R. Sullivan

The deal is now official, Indiana has just received its $3.8 billion. They announced that the other bids were:

Morgan Stanley... $1.9 billion

An Australian consortium... $2.84 billion

A Spanish company ... $2.5 billion.

Which means Cintra-Macquarie overpaid by almost $1 billion.

Sam

Private property gives the right to do with it what the owner wants, so he can maintain it better or worse to his own discretion.

ben

On, 'first mover advantage', well, Good Luck. As Stan Liebowitz acidly noted in his, 'Re-Thinking the Network Economy'(chapter 3, 'Racing to be First'), it's easy to find companies that tried that strategy and are now defunct.

Ummm... so what? These are private investors who think the investment is worth it. I'd bet good money they've looked into it more than you or me. I don't think personal disbelief is grounds for, well, anything, including judgments on the merits of this bid.

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