Quote History When I was a teenager they built the WV Turnpike and issued 30 year bonds.
The tolls would be removed when the bonds are paid off. That was about 50 years ago.
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IIRC when the amount owed was down to $1 million in the late 1980s/early 1990s,
they refinanced the debt for another 20 years. They did this because:
a) they did not want the 52 employees associated with the Turnpike to lose their jobs, and
b) since the state had gotten out of the liquor business through their ABC stores, the
Turnpike was now the state's biggest moneymaker (other than funds obtained through taxes).
At least, that's what I remember reading in the Gazette, but time can do things to one's memory...
This Wikipedia article may help provide some clues:
https://en.wikipedia.org/wiki/West_Virginia_Turnpike
The Turnpike used to border the back of the property where I lived. I used to cross it
to hike up into the mountains. I lost that home I grew up in through eminent domain
when they upgraded the Turnpike in my area in 1979.