Redflex – The Takeover Bid and Toll Roads

Macquarie Holdings Ltd of Australia thinks photo traffic enforcement is all about the

money too. They know about money period, as one of the largest operators of Toll Roads in the World. It appears that Redflex has thrown in the towel on their speed/red light scameras and is ready to accept their consolation prize — a large buyout from Macquarie at a price substantially higher than the stock price just a week ago had indicated the corporation is worth.

As Redflex’s contract with DPS comes to a close in July and with the high probability that all the scameras will come down in November of this year, it may not seem like this will affect Arizona. We don’t have toll roads, right? Not yet.

Republican Jay Tibshraeny of Chandler sponsored a Toll Road bill back in 2008 that was quietly passed, creating an Arizona Toll Road Authority that has been lying dormant ever since.

Will Macquarie-Redflex goons find their way in to the 2011 AZ State Legislature session? It’s highly likely. What they’ll be seeking is for our cash strapped state to sell them the roads that the taxpayers have already paid for, so that they can be double charged to drive on them. Feeling taxed enough yet?

This fight is coming Arizona, so get ready for it.

The Redflex buyout is not complete by any means, but the bid is there and it looks pretty enticing.

Quoted from The Sydney Morning Herald:

Directors of Redflex revealed yesterday that Macquarie had made a non-binding, indicative and confidential offer to take control of the group at $2.50 a share.

Macquarie was seeking a scheme of arrangement, which suggests a merging of Redflex with a subsidiary of the bank – although it is not clear whether that means it will be offering shares as well as cash.

The offer follows Macquarie picking up 8 million shares in a single crossing at $2.50 on Friday, after the market closed, and disclosing this week it owns almost 11 per cent. Among Friday’s sellers were the Pratt family’s Thorney group and the Renaissance Smaller Companies fund, which each parted with 2.5 million shares.”

43 Responses to Redflex – The Takeover Bid and Toll Roads

  1. jury nullification says:

    Another scam in the works..

  2. Dr Jett says:

    Just think how toll roads will slow traffic down and inhibit commerce in Arizona. That is another great way, besides photo radar, to keep new businesses from starting up in Arizona. Who would want to start a business in Arizona when the State of Arizona plans to charge your business extra money and harass your employees just because the legislators are too lame to learn how to run the state on the budget they have available?

  3. L. Davis says:

    Reposting this, for some reason my initial post didn’t make it.

    4409, You guys are awesome, I enjoy your civil disobedience videos immensely. One thought, I’ve noticed most of the time when the pirates catch you guys protesting near their talivans they immediately whip out their cell phones and call the police or DPS. have you ever considered carrying and activiating a cell phone jammer in the vicinity? It would be very entertaining to see a video where these clowns are not able to make a phone call, they’d basically either have to endure the protest or drive away. If you parked right in front of their talivans they might not even be able to do that. I’d pay to see this video I think.

    If you did this you might want to keep the jammers out of sight since it’s not clear if you could get in trouble for using them.

    Anyway, keep the entertainment coming, they’re the best.

    • Glyph says:

      Well, it’s not like you can just run to Best Buy and pick up a cell phone jammer on your way to a protest. And I imagine procuring one would be a lengthy and expensive process.

      Further, if caught, it would be a Federal matter, one that the Scamera-friendly would make a huge deal about.

      We’ve come so far and accomplished so much, it would be counter-productive to get in trouble for messing with cameras, many of which are scheduled to come down next month anyway.

      We organize, we stay informed, we protest, and we get the word out. That’s far more beneficial than setting off freeway cams and jamming cell phones.

      Just my two cents…

  4. Stacey says:

    I believe it is illegal to have a jammer.

    • Brent says:

      Only the FCC enforces and touches this issue. Your odds in being caught (since the jammer can’t be detected) are near zero.

  5. Stacey says:

    John McGee, Executive Director for Planning & Policy, Arizona DOT will speak at the US P3 Infrastructure Forum June 22, 2010.

    P3 stands for public-private partnership. List of proposed toll roads:

    Phoenix, AZ
    1,121 Volunteers

    Welcome to CameraFRAUD. We are united in our effort to get rid of every speed camera, red light camera, and photo radar van here in Arizona and across the country. We were suc…

    Check out this Meetup Group →

  6. Stacey says:

    Toll roads and APCO:

    Phoenix, AZ
    1,121 Volunteers

    Welcome to CameraFRAUD. We are united in our effort to get rid of every speed camera, red light camera, and photo radar van here in Arizona and across the country. We were suc…

    Check out this Meetup Group →

  7. Stacey says:

    ATS would love the cameras here so they can use there cameras for rental cars.

  8. Goodbye Scameras! says:

    Unlike the east coast; Phoenix is spread out like a grid. So it looks like I’ll be taking a few extra minutes getting to a destination via the sidestreets. I can already see the cluster fu*k of traffic that toll roads would bring if they decide to give it the green light!

  9. Will Kay says:

    Time to start gathering signatures for the “People against Toll Roads Initiative.”

  10. Dan G. says:

    Coming soon the new website:

    Complete with a new catchphrase: The tolls are coming down!

  11. L. Davis says:

    I noticed that the link wasn’t yet taken. Redflex, ATS or some of the pro-camera goons might grab it so I took the initiative and registered the link.

    If Shawn or CameraFraudAz wants it I will gladly hand it over. Or I can hold on to the registration until such time that it is deemed needed or useful, just email me for more info.

    • Definitely hang on to it. There’s a lot still going on with the current photo radar mess we’ve all been dealing with for the past two years.

      Hopefully the fight against Toll Roads won’t be as long and labor intensive.

      If new roads built on private land are set up as Toll Roads that’s one thing, but to sell the roads we have already paid for to a company like Macquarie so that they can double-charge is unacceptable.

    • Stacey says:

      Can you type this information on the message board so I can contact you.

  12. LoneWolf says:

    Should charge them a toll fee. Their greed for money and attempts to extort it from us is taking its toll on our lives.. especially those who can’t afford it.

  13. Dr Jett says:

    How about a ban on Australian companies since all they appear to do is siphon money out of cash-strapped Arizona. I almost forgot, they also tempt crooked politicians. It isn’t fair to wave money in front of cash addicts. Now we need a Cashaholics Anonymous for greedy politicians so that they don’t harm the citizens with anymore of their evil laws.

  14. justcurious says:

    I was out on a ride today BY lake pleasant, 303,74 I believe there expanding 303 could this be the pretext of what you’re talkin about, 1st toll road or the start of this toll road business

  15. Goodbye Scameras! says:

    AZcentral posted a story today stating that the cameras will eventually come back. DPS now wants to fully take over the program; and all it’ll take is the state’s insane legislators to approve it. You know, cutting out the middle man (redflex/ATS) will enable them to profit even more $$$$ from the citizens. It definitely shows that the statewide ban NEEDS to be on the ballot this November.

  16. Stacey says:

    ADOT on P3s (public,private partnership):

    Click to access ADOT_P3_Presentation.pdf

  17. Stacey says:

    ADOT’s public/private partnership website:

  18. B says:

    The chat with JJ Hensley was interesting, IMO. It seemed balanced and informative.

    BTW – Not to get into a political argument with other CF members (I’m a fiscal conservative and a registered Republican with Libertarian leanings, while some here may be anti-SB1070, “Jan Brewer is the devil” Democrats), but Terry Goddard worries me A LOT on photo enforcement. He has come out in support of the camera system in general (he espoused enforcing criminal speeding in photo citations, he generally supports the viewpoints of Janet N., etc.)

    IMO, if he gets elected, he’ll probably have the speed camera system up and running again on state highways within a year of his election date.

    If you had to choose between Terry Goddard being governor and getting the camera system back up and growing, or another four years of Jan Brewer, what would you take?

    (I know some will say, “just vote the Camerafraud prop and vote for Terry Goddard”, but what if the prop fails under a multimillion dollar procamera marketing campaign from the camera companies?)

    • JJ sidestepped some issues pretty well. He continued to ignore the citizens initiative, which is fine, but also amusing.

      I think our members asked quite a few questions of him 😉

      • Glyph says:

        My question about describing his relationship with Michael Ferraresi, and whether he thought Ferraresi’s dual employment with Redflex and AZ Republic was a conflict of interest went ignored.

  19. Stacey says:

    Well, when it comes to the cameras, Dean Martin has always been opposed to them. He even attended the camerafraud showdown at Redflex.

  20. Mark S says:

    Does the anti-camera petition completely ban cameras in this state, or just cameras ran by private companies?

    Can the legislature pass a bill overturning the petition or place wording a bill that would override the petition?

    Just curious.

    • LoneWolf says:

      Here’s the initiative wording:

      That’s a good question. I would think that the leg can’t override the petition as long as all the signatures have been collected and have been verified to be legitimate. If it makes the ballot, then the people will decide whether or not the scam comes down for good. I think the only way the state can bring the scam back is through another vote by the people. I’m not sure about this either and hope someone can clarify this..

      • Mark S says:

        We need a lawyer to verify this. There is no wording in the initiative that it CANNOT be overridden with another bill or initiative.

        I have seen some wording in other bills and laws that show that a bill/law cannot be overridden by any other law, bill or initiative, past, present or future.

  21. I do not oppose toll roads.In fact, were it up t ome they would all be toll roads. But,toll roads means a private business comes in, negotiates right of ways, and builds a road without taxpayer help, and without government control.

    Government has no intention of allowing that.

    Toll roads means to government that they will lease the already taxpayer purchased roads to a private company who bribed (lobbied) the legiscritters, the company is responsible for maintaining the roadway they don’t own, taxing the users (tolls) and the cops continue to enforce government rules (additional tax) upon the users who have paid for the privilege (necessity) of travel upon the “private” road.

    • kandaris says:

      Yes, if toll roads means selling/leasing the existing roads you(taxpayers) and I have already paid for they are evil bastards and must be stopped. Sign me up.

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