What happens when the state signs a 33-year concession contract in 2020 with a public-private partnership to renovate, fill, and maintain the rest stops?
Article I Section 10
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
So which one do you think this NY state bill is, a bill of attainder against Chick-fil-a, an ex post facto law, or an impairment on the contract with the builders of the thruway rest stops?
Didn't Applegreen and Chick-fil-a have an expectation based on the contracts that the state is now trying to change?
-PJ
My expectation is that CFA’s current lease agreements on the Thruway would remain in force until they end, and then any new state law would apply to lease renewals.