Mon December 10, 2012
Study: Indiana Taxpayers Will Take Hit on Toll Road Lease
A new study concludes the state's decision to lease the Indiana Toll Road to a private operator was a bad deal for taxpayers.
Indiana received $3.8 billion for leasing the toll road to a private consortium for 75 years. That money helps pay for major work on state highways.
But a public policy expert from the College of William and Mary says taxpayers will pay the price for the 2006 deal in lost toll road revenue that otherwise would have gone into the state treasury.
A state highway official defends the deal, telling the Elkhart Truth that taxpayers won't have to foot the bill for more than $4 billion in toll road infrastructure costs because they'll fall to the operator instead of Indiana, and ITR Concession Co. has already invested more than $300 million in improvements.
The Indiana Toll Road is a 156 mile east-west stretch of interstate highway in the northern part of the state.