To: BobL
...ok, for you picky guys. Technically, the non-compete clauses that are almost certainly in these agreements are modeled after what was done for State Highway 91 in California, where toll lanes were added down the center of a congested freeway, by a private company - in exchange for being allowed to charge "market rates", which varied with time of day, and day of the week, going almost to $1.00 per mile at peak times.
Yes, California could upgrade parallel highways, but only if they provided that private company compensation for any lost revenue - meaning that upgrades to parallel highways became so expensive that they simply wouldn't be done.
That is a better explanation of a non-compete clause.
11 posted on
09/16/2006 11:01:23 AM PDT by
BobL
To: BobL
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