Officials with the Ohio Turnpike have voted to borrow $1.5 billion, and with it will come annual toll hikes to help pay off the debt.
The toll increases will begin the first of 2014 and will happen each of the next 10 years. Next year’s hike will be 2.7% with further increases tied to the region’s inflation rate.
The Ohio Turnpike and Infrastructure Commission can use the money for upgrades to the route and 90% of it for infrastructure that is no more than 75 miles from the turnpike corridor. Later this summer an advisory council to the commission is set to make recommendations for improvements.
E-ZPass discounts will remain in place while four-wheelers traveling less than 30 miles between exits will see no hikes.