Lewiston's Bob Stone: New face on MTA board

LEWISTON — He wanted to bring his financial experience to the Maine Turnpike Authority. That's one reason Bob Stone accepted the post on the MTA board when the governor's office called last fall.

Bob Stone

Stone, a longtime banker, now a vice president at Androscoggin Bank, was confirmed by the state Senate in September to represent Androscoggin County. He took the seat left by Lucien Gosselin, who had been an MTA member for 13 years.

“I know how important the turnpike is to the state, especially to Androscoggin County,” said Stone, 63. “I call it the economic aorta of the state. It’s very important the turnpike is kept in tremendous shape.”

He began a six-year term at a busy time. Lewiston’s turnpike exit is getting a redesign and tolls will face scrutiny as prices most likely rise in 2013. Stepped-up payments are due in the coming years to pay for part of the turnpike-widening project.

“There’s no way in heck we can operate the turnpike on the existing toll levels,” Stone said.

His hope, based on tentative price talks: “People up and down the turnpike are going to pay for the part of the turnpike they use. There will be a lot of equity.

“I believe Lewiston-Auburn folks will be happy with the structure,” he said. “Nobody’s going to be happy with the increased tolls.”

Changes will have to be recommended by the MTA and approved by the Legislature.

Despite frequent calls for an additional exit into the Twin Cities that comes closer to the downtown, Stone said, the revamped Exit 80 "is probably the only interchange we'll see in Lewiston for a long time."

MTA Executive Director Peter Mills said it was fitting the authority lost one finance specialist from Lewiston and gained another.

“We’re going to be borrowing $75 million on the eighth of March and refinancing $40 million to $80 million in outstanding bonds — this is a huge transaction for us,” Mills said. “Bob is quick. He just understands it all.”

Stone, who served for several years on the city of Lewiston’s Finance Committee, has been named head of the MTA’s Finance Subcommittee.

kskelton@sunjournal.com

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Comments

Jerome Young's picture

Good news, great choice. I

Good news, great choice. I sincerely hope we have specific financial goals for MTA, like indebtedness will not exceed a specific percentage of it s revenues. Very tired of GSE's and government exceeding debt that most of us have to live by.

Shane Morin's picture

He's not only a good guy and

He's not only a good guy and a good fit for this position, he's my uncle.

Shane Morin's picture

I had a response written up

I had a response written up but I realized.. you really weren't worth it.

PAUL ST JEAN's picture

You took the first shot; he

You took the first shot; he merely responded in kind, same as any normal person would do.

PAUL ST JEAN's picture

Your mischaracterization of

Your mischaracterization of his surname is really beneath you, T....

PAUL ST JEAN's picture

Lol...that ranks right up

Lol...that ranks right up there with me blaming some of my crap on the parrot. Good one, though.

PAUL ST JEAN's picture

You, plausible? Laughable,

You, plausible? Laughable, maybe, but plausible is a stretch. You have high entertainment value, but no one comes here to learn from you.

Shane Morin's picture

Well this was fun to read.

Well this was fun to read.

KRIS KUCERA's picture

Bob may be a GOPer . . .

. . . but from what I know of him, he's a highly competent gentlemen and a good guy to tee up the all-important white sphere with. Since LeRage hired him, I have to give LeRage some kudos too, which is painful for me, indeed.

GARY SAVARD's picture

I'm sure Bob Stone will be a

I'm sure Bob Stone will be a great asset to the MTA Board. He's very well qualified for the position and most importantly, he has integrity.

Bob Wright's picture

Dan, Stone is more than

Dan, Stone is more than qualified for the position. On another note, what do you do to better your life and the lives of people around you? You are one of the most miserable people around. Get a life, trying smiling, try saying something positive for once.

PAUL ST JEAN's picture

What would you say about

What would you say about Jesus if he showed up at Denny's wearing sandals and a white robe? Would you rag on him like you do everybody else? Would you say it wasn't him, but an impostor, maybe one of LePage's cronies in disguise? Just wondering.

PAUL ST JEAN's picture

Hahaha...you ARE comical.

Hahaha...you ARE comical.

David A. Gagnon's picture

And the tinn foil cap

speaks again.

David A. Gagnon's picture

Sorry I hit the n key once to many.

Oh well.

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