Peter’s Take is a weekly opinion column. The views and opinions expressed in this column are those of the author and do not necessarily reflect the views of ARLnow.com.
A recent out-of-court settlement between Virginia and a private-consortium shows that bad things can happen when government fails to understand the risks of public-private partnerships. Under that settlement, Virginia taxpayers will lose over $200 million that the state paid to the private consortium to build a 55-mile highway that was never built.