King: The Toll Road: ‘Pay Me Now, Pay Me Later’
by Stephen M. King, Ph.D. Seven years ago, Gov. Mitch Daniels’ “Major Moves” legislation, passed along partisan lines, authorized dramatic changes in Indiana’s transportation-funding system. Those changes included a $3.8-billion, 75-year lease of the Indiana Toll Road (ITR) to Macquarie-Cintra, a private Australian-Spanish consortium. The consortium, ITR Concessionaire Company, in exchange for the upfront cash, … Read more