You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Indiana

  • Indiana National Guard names new director of state operations
    The Indiana National Guard has named Col. Todd D. Townsend, of Greenwood, as director of state operations, serving as the state senior management official and adviser to the adjutant general.
  • Police track slaying suspect’s movements
      CROWN POINT – Investigators are using the cellphone records of an Indiana man already charged in the slayings of two women to pinpoint his movements after he told police he liked to check on the status of bodies he’d
  • Suspect in slayings silent in 1st hearing
    CROWN POINT – A Gary man who allegedly confessed to killing seven women in Indiana on Wednesday refused to speak or even acknowledge his name to a judge, and a sheriff explained later that the suspect was upset that his hearing was
Advertisement

Shifts in privatization pose more risk to states

– Government leaders across Indiana are turning to outside sources to fund and operate big infrastructure projects. But they’re unlikely to see the windfalls that former Gov. Mitch Daniels achieved when he leased the Indiana Toll Road to a foreign consortium for $3.8 billion in 2006.

The Times in Munster reports investors in state projects are more likely to demand guaranteed fixed annual payments before providing money for the projects. That helps investors insulate themselves from the risk that revenue from the projects won’t meet expectations.

The new approach to privatization has forced officials in Indiana and Illinois to rethink their funding plans for the 47-mile Illiana Expressway.

The states are offering private investment teams competing for the road project annual payments throughout the 35-year lease.

–––

Information from: The Times

Advertisement