Carlyle: Connecticut Rest Stop Fixes Coming Soon
Late last year, The Carlyle Group signed a 35-year public/private partnership with the State of Connecticut, whereby the firm agreed to redevelop, operate and maintain the state’s 23 highway service areas. Among the improvements, Carlyle said that it would supplement the McDonald’s drive-thrus at the I-95 rest stops with Subway and Dunkin’ Donuts drive-thrus (Subway’s parent company was a partner on the deal). This transaction was a landmark for public-private partnerships in the U.S., which has lagged behind other industiralized nations in putting investment shops like Carlyle in operational control of its toll roads, bridges, ports, etc. For those of us who drive regularly between Boston and New York City, however, it was about finally having some better food options (and, hopefully, cleaner facilities). Our collective arteries applauded the news.
