Sorry!! The article you are trying to read is not available now.

Counties Turning Asphalt Back to Gravel as Rising Materials Costs Hamper Road Maintenance

Print comment Post Comments
We are going back to the Stone Age. Literally. From NACO (National Association of Counties):
Several counties across the country are going back to the Stone Age — turning asphalt roads back to gravel, or considering doing so — as rising costs outstrip their ability to maintain their pavements.

Counties in Iowa, Michigan, California and South Dakota are among those that have decided either to stop maintaining a percentage of their asphalt roads or to pulverize some paved roads and downgrade them to gravel.

Naturally, California is home to some of the hardest-hit counties. Sonoma County, for example, based on annual projected revenues can only afford to budget $5 million to maintain all the county's roads. But estimates project the cost of maintenance at 11 times that, or $55 million.
POSITION:  No positions in stocks mentioned.