Rodent Regatta

Dating back to years before its founding, Level 3 Communications has sold a toll road that it owned in California. Here’s some detail:

The 91 Express Lanes road runs for 10 miles between the Costa Mesa Freeway and the Orange County-Riverside County line. When it debuted in December 1995, it was the first privately financed toll road to open in the United States in more than 50 years. Since then, the road has logged more than 50 million vehicle trips. The Orange County Transportation Authority purchased the road as part of its ongoing effort to better manage traffic congestion in the region.

Level 3’s ownership interest in the road dates to 1992. At the time, Level 3 was operating as Kiewit Diversified Group, a subsidiary of Peter Kiewit Sons’, Inc., the private construction company headquartered in Omaha, Neb. Kiewit was a principal investor in CPTC, along with partners Granite Construction Inc. and Cofiroute Corporation, a France-based builder and operator of highway systems.