The “Road to Ruin” blog has raised an important question regarding a potential bail-out of Interstate 895, also known as the Pocahontas Parkway. An Australian company and Irish bank want to take over rights to operate the parkway, a toll road that skirts around the southeastern edge of Richmond.
The million-dollar question: How would private-sector owners stimulate enough traffic to pay off the bonds and generate a profit? By fostering growth and development in eastern Henrico, where someone else will have to pay for infrastructure and public services? Read details here.
