It will be bonds taken out against revenue. Similar to the MTA. However, the MTA is very expensive. It costs $10 in tolls round trip from York to Portland. PTP claims rates will drop 10% on “day one” but that’s not realistic. Rates will be higher for probably ten years, there is a London Economics Report that shows rates staying high and actually rising in certain years. Plus, that was done before the almost 4% rate hike. With banks failing (SVB), money will likely be even harder to get.

Not to mention, supply has risen 120% over the last two years, PTP will do nothing to address that. And, that imo is the most crucial issue. I will not be voting for PTP until they figure out supply.