Syncora Holdings Ltd. (fka SYCRF)

[DennyCrane550]

idk the current leases for all these Alabama and Detroit parking/tunnel offhand

EBITDA and Lease Years etc would need to be updated....


looks like i previously wrote at back of the envelope / prior to the Chicago Skyway deal:

IFM Investors to buy 75-year lease of Indiana Toll Road for $5.72B.

FWIW

here is the comparison:

Indiana: $140-160M EBITDA 66yr lease 130k daily traffic
AMER ROADS: $14-16M EBITDA 40-60yr lease 33k daily traffic

Orig Debt taken out before both went belly up:
Indiana $3.85B
AmerRoads $496M

Today worth? :
Indiana $5.72B
AmerRoads $XX



About 12,000,000 vehicles travel on American Roads’ facilities each year.

American Roads' mission is to provide its customers with safe and efficient road transport routes. Our bridges save people time and gas, by offering the fastest and shortest routes to destinations, and avoiding congested roads and delays of multiple traffic lights.

With years of toll operations and maintenance experience, and a well-trained and dedicated staff, we strive to provide top quality service to all our patrons.

We currently operate four toll bridges in the Alabama, as well as an international border crossing tunnel between Detroit, Michigan and Windsor, Ontario:

Emerald Mountain Expressway (Wetumpka, AL)
Montgomery Expressway (Millbrook, AL)
Tuscaloosa Bypass (Tuscaloosa, AL)
Beach Express (Orange Beach, AL)
Detroit Windsor Tunnel (Detroit, MI)