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Bullboard - Stock Discussion Forum Quarterhill Inc T.QTRH

Alternate Symbol(s):  QTRHF | T.QTRH.DB

Quarterhill Inc. is a Canada-based company, which is engaged in providing of tolling and enforcement solutions in the intelligent transportation system (ITS) industry. The Company is focused on the acquisition, management and growth of companies that provide integrated, tolling and mobility systems and solutions to the ITS industry as well as its adjacent markets. The Company’s solutions... see more

TSX:QTRH - Post Discussion

Quarterhill Inc > Wait… what? Council to vote on abolishing Ohio Rivers Toll
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Post by v_guerriero on Mar 28, 2022 1:46pm

Wait… what? Council to vote on abolishing Ohio Rivers Toll

This was one of the big contracts ETC just won.  Now the resolution is out to the full council for a vote to kill the toll.

I thought the infrastructure bill was supposed to be good?  And not used to replace tolls.  

Wait... Whaaaat?

https://www.whas11.com/amp/article/news/politics/metro-council-resolution-louisville-kentucky-indiana-governor-beshear-holcomb/417-66025b35-fa0e-45d9-b830-52a619e4984f
 

LOUISVILLE, Ky. — Metro Council passed a resolution to get rid of the tolls on the bridges connecting Louisville and southern Indiana on Tuesday.

The resolution urges Governors Andy Beshear and Eric Holcomb to use federal infrastructure funding to pay off the Ohio River Bridges Project.

Governor Beshear recently announced he and Ohio's governor would try to use federal funding to pay for a new bridge in Northern Kentucky.
 

Councilman Anthony Piagentini worried about what kind of message that sends to local governments who want to do big projects.

RELATED: 'How is that fair?' | Louisville reacts to resolution looking to end tolls for city's bridges

"What this will do, is that future governments and local jurisdictions like ours, won't take the initiative to do these types of things and will instead sit around and wait, because why would they do this again and put their local constituents through it, on the risk that down the road, somebody may come down the road with the money and they be disadvantaged," said Piagentini.

Councilman Brett Ackerson was the only person to vote against the resolution.

He argued because there's already a plan in place to pay for the bridges, the federal money could be used for other projects either in Louisville or other parts of the state.

The full council still needs to vote on the proposal. Since this was a resolution, this is symbolic.

Comment by buckon on Mar 28, 2022 5:09pm
still under 4.43 on the shareholder revolt. nice try veeegeee.  could this be a boon to ETC?  ETC may collect fees and not have to anything.  Don't mess with ETC veeegeee.  Miami-Dade did and it cost them $43M. https://etcc.com/florida-court-rules-in-favor-of-electronic-transaction-consultants-in-its-breach-of-contract-lawsuit-against-miami-dade-county-expressway ...more  
Comment by buckon on Mar 28, 2022 5:43pm
you don't mess with contracts veeegeee.  Read the Kapsch news release from friday. after the german toll authority terminates the limited partnership's tolling contract, they asserted claims for compensation in the amount of approximately EUR 560 million against the Federal Republic of Germany. the tolling authority has been found to have breeched ...more  
Comment by v_guerriero on Mar 29, 2022 7:00am
Probably not a good long-term business model where you have to sue your customers to get paid.   Lawyers win again.  
Comment by buckon on Mar 29, 2022 10:07am
it was you weeegeee that implied that etc's ohio riverbridges contract was in jeopardy.  of course filing a breach of contract action is not how etc operates, but a contract is a contract.  same for kapsch in germany.  the louisville city council is making a political statement in an election year and you're using the article to try to undermine the its business.  go ...more  
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