Finance

Editorial: Parking deal revisited

Harrisburg Mayor Stephen Reed's proposal to lease the city's
parking garages was a bold, fiscally sound idea. But the actual lease agreement
needs a closer look. It appeared there should have been more bids considered.
And the only review was by a consultant who would be paid only if a deal is
done.

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Op-ed: How to earn interest rather than pay it

Pennsylvania
lawmakers have the unique opportunity to allow taxpayers to earn interest
rather than pay it. On May 19, Gov. Ed Rendell announced that the Commonwealth of Pennsylvania could receive an upfront
payment of $12.8 billion from an experienced team of investors and operators in
return for a 75-year lease of the Pennsylvania Turnpike.

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