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

  • Police prepare to scour tank for Indianapolis baby
    INDIANAPOLIS – Police were preparing to drain an old underground tank in a wooded area in Indianapolis near where a 6-week-old boy went missing two days before. City police Sgt.
  • Turner removed from state House GOP leadership
    INDIANAPOLIS - House Speaker Brian Bosma on Friday said he is removing Rep. Eric Turner from the House Republican leadership team, and chastised him for not staying out of a legislative debate in which he had a major financial stake.
  • IU student dies at sorority house
    BLOOMINGTON – An Indiana University spokesman said foul play isn’t suspected in the death of a 20-yearBLOOMINGTON – An Indiana University spokesman said foul play isn’t suspected in the death of a 20-year-old student from
Advertisement

Debt payment looms for Indiana Toll Road operator

MUNSTER, Ind. – A state agency says it is monitoring the Indiana Toll Road operator’s finances as it works to make an upcoming debt payment.

Indiana Toll Road Oversight Board director James McGoff told The Times of Munster (http://bit.ly/1lIY0mS) that the private operator has said it is trying to negotiate more favorable terms with its lenders.

The Spanish-Australian investor group Cintra-Macquarie paid the state $3.8 billion in 2006 for a 75-year lease of the highway, but its toll revenue hasn’t met expectations.

Macquarie Group vice president Paula Chirhart declined to comment on the consortium’s financial situation.

McGoff said the lease agreement allows the state to potentially take the 157-mile highway back over if the consortium defaults on its debt payments.

Advertisement