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"Analysis: Vote to cancel US toll-roads highlights infrastructure risk"

Investments & Pensions Europe: Real Estate

June 15, 2016

A publication that provides market intelligence about real estate investment recently called on Nexsen Pruet attorney and lobbyist Sandy Sands.

Sands spoke to Christopher O’Dea for an article that looked at how a recent vote at the NC State House “has highlighted the political risks inherent in infrastructure investment – at a time when institutional investors are increasing allocations to the asset class.”

 

An excerpt:

Supporters have identified other state-funded projects to delay in order to pay cancellation penalties, says Sandy Sands…. “It is a very contentious issue,” Sands says. “But my prognostication is that it will not get anywhere in the Senate….”

Cultural traditions in North Carolina could keep toll rates and revenues in check even if the cancellation measure fails to win approval in the state senate, says Sands. “North Carolina for many years has been a state very averse to toll roads,” he says.


Read more
 from I&PE: Real Estate.

A former North Carolina State Senator Alexander “Sandy” Sands represents businesses and individuals who have matters before both the legislative and executive branches of government in North Carolina. He is the leader of the firm's Public Policy and Governmental Affairs Group in Raleigh.

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