How About Used Car Salesman?

Steve Hogan, executive director of the Northwest Parkway Public Highway Authority, is looking for a new job.
Hogan made this announcement after accepting a deal to lease the 11-mile Northwest Parkway toll road – which runs from Broomfield to E-470 – to a foreign business consortium that hopes to cash in on Colorado drivers.
Hogan’s exit is but a pit stop for the beleaguered toll way, whose short history should serve as a cautionary tale for states looking to save tax dollars by entering into risky partnerships with semi-private freeway developers. Built in 2003, the Parkway was funded through $30 million in loans from various North Metro counties, and the sale of $416 million in bonds from investors hoping for a quick return. The only problem was that once cars started hitting the pavement, the traffic projections on which the project was advertised proved to be wildly overstated.



















