Tolls

Private toll road investors shift financial risk to taxpayers

November 27, 2013
Bloomberg News
Companies that build private toll roads are pressing states, including Indiana, to assume more financial risk of traffic not meeting expectations, a change that benefits the operators while threatening to increase taxpayer costs.
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Transportation planning agency OKs Illiana tollway

October 17, 2013
Associated Press
Illinois Gov. Pat Quinn and Indiana Gov. Mike Pence have pushed hard for the 47-mile link, promising it would help speed goods by truck, reduce congestion and create thousands of jobs.
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Ohio River bridge plan calls for tolls on 3 spans

March 5, 2012
Associated Press
The governors of Indiana and Kentucky on Monday agreed to use tolls to pay for two new Ohio River bridges and a revamped Interstate 65 bridge over the river, all in the Louisville metropolitan area.
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Controversial legislation could lead to truck-only toll lanes on I-70

April 9, 2011
Chris O'Malley
Truck-only toll lanes along Interstate 70 are among potential projects that could result from a controversial bill that would allow the governor to authorize toll roads without an OK from the Legislature.
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Plan for optional interstate tolls may hit potholesRestricted Content

February 20, 2010
Chris O'Malley
A proposal to add optional toll lanes to parts of Interstates 69 and 65 raises all kinds of questions, such as how to squeeze more lanes into the crowded I-69 corridor northeast of the city. And it’s debatable whether toll lanes could make more money than they cost to implement.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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