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Not enough drivers use C-470’s express lanes, so CDOT is loaning $4 million to cover toll revenue gap

Pandemic-induced commuting changes are among factors behind “backup loan” to enterprise arm

Cars on C-470 head westbound between Santa Fe Drive and Lucent Boulevard on August 18, 2022, in Highlands Ranch.
Cars on C-470 head westbound between Santa Fe Drive and Lucent Boulevard on August 18, 2022, in Highlands Ranch. Colorado’s express toll lanes network, which is expanding to more highway stretches in coming months, has seen varying impacts during the pandemic. Some express corridors, including one choked Interstate 25 section and the first Interstate 70 mountain toll lane, have either recovered or saw little change in traffic during the pandemic. But other toll lanes that the Colorado Department of Transportation opened during the pandemic, especially on C-470, have not met expectations — largely because commute patterns have changed. Even that lane is bringing in a good chunk of change (on pace for $8.5 million during the last fiscal year), but not as much as CDOT had hoped — and it had to scramble to begin repaying project bonds that depended on toll revenue. Express lane use also is still down below pre-pandemic levels on U.S. 36, which is privately managed, but it’s been recovering. (Photo by Helen H. Richardson/The Denver Post)
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The Colorado Department of Transportation plans to float its tolling oversight arm a $4 million loan to cover revenue shortfalls in the next year from lower-than-expected use of C-470's express lanes.
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