Indiana Toll Road
Recent news that the Indiana Toll Road’s operators, Spain’s Cintra and Australia’s Macquarie Group Ltd., filed for bankruptcy and that various banks and hedge funds are lining up to protect their interests in bankruptcy court should have Hoosiers scratching their heads.
INDIANAPOLIS | The Democratic candidate for state auditor is demanding Attorney General Greg Zoeller directly intervene in the Indiana Toll Road bankruptcy case to protect the state's financial interests.
The recent announcement that the Indiana Toll Road Concession Co. was filing for bankruptcy has triggered comments that the bankruptcy was evidence that the leasing of the Indiana Toll Road was a poor decision by the state of Indiana. I disagree.
PORTAGE | A South Bend man is facing several charges and could face additional ones following a traffic stop on the Indiana Toll Road Wednesday.
LAKE COUNTY | A Gary man was killed early Wednesday in a crash on Cline Avenue in the construction zone near Gary Avenue, officials said.
INDIANAPOLIS | The state official overseeing the Indiana Toll Road lease assured Hoosier lawmakers Tuesday that the private operator's bankruptcy will not affect highway functions, force toll hikes or put state funds at risk.
The private operators of the Indiana Toll Road declared bankruptcy Sunday on more than $6 billion in debt, leaving the fate of the 157-mile road in the hands of a federal judge and creditors.
The operator of the Indiana Toll Road plans to declare bankruptcy on Monday and put its 75-year lease for the road up for sale to interested bidders.
MICHIGAN CITY | Two people were taken to a hospital Tuesday after a rollover crash on the Indiana Toll Road near Michigan City, police said.
INDIANAPOLIS | A top Hoosier lawmaker believes the state will suffer no harm if the operator of the Indiana Toll Road declares bankruptcy and sells its 75-year lease to run the highway after just eight years in business.
The Indiana Toll Road operators are looking at filing for bankruptcy to get out from under $6 billion in debt and selling the right to operate the road, according to media reports.
A recent news story made it appear Indiana is gaining more tourists by spending less, but region tourism leaders say the article virtually ignored how much is spent at the local level to make up for the lack of state dollars.
A truck driver was airlifted with life-threatening injuries after his semi sideswiped a second semi and went into a ditch along the Indiana Toll Road Friday night.
The Indiana Finance Authority continues to monitor the financial difficulties of the Indiana Toll Road, where operators who hold the 75-year lease are struggling to meet a June debt payment.
LAPORTE COUNTY | An Aurora, Ill., man riding as a passenger in a vehicle being driven by his wife was killed Sunday night in an accident on the Indiana Toll Road.
LAPORTE | One person was killed Sunday night after a car crossed a median and drove into the path of a semitrailer on the Indiana Toll Road, police said.
The toll for a car going the length of the Indiana Toll Road will rise to $10 on July 1, and tolls on the Northwest Indiana barrier system will go up 10 cents at five toll booths as the road's private operator implements its annual increase.
Construction work will begin as early as next week on the extensive rehabilitation of the Salt Creek Bridge on the Indiana Toll Road at milepost 26.5, just east of Portage.
Demolition and reconstruction of another ramp at the Indiana Toll Road interchange with the Borman Expressway in Lake Station will begin next week, further restricting traffic between the two roads.
Former Indiana Gov. Mitch Daniels appeared to strike the best deal since the Dutch bought Manhattan for beads when he landed a $3.8 billion windfall by leasing the Indiana Toll Road to a private consortium in 2006.
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