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Study Finds Toll Road Lease bad for the state

Tuesday, December 11, 2012 12:17 PM
Written by Stan Maddux
Category: Local News

A new study shows leasing the Indiana Toll Road was a bad deal in the
long run.
Reports indicate a study shows the lease is producing short term
gains....from the near four billion dollars in revenue paid to the state.
However, the study shows the state could have maintained control
of the highway and raised rates to receive that kind of money anyhow.
The study also finds that rates have been increased by the private operators
each year since 2010.
And..when restrictions are loosened in 2016....even larger fees increases
are expected.
State officials defended the lease...saying the study does not take into
account the hundreds of millions of dollars the private operators have
spent maintaining the toll road.
And...the billions more that will be needed in future years the state won't
have to cough up.
fmc 240

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