$20M in state incentives targeted to help airport lure international flights
An ongoing effort to attract nonstop flights between Indianapolis and places like Asia, Mexico and Europe is in line for a big boost.
Indiana Toll Road
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Broadband blitz to lift economy, study says
Bridging the digital divide between rural and urban communities will take years to complete, but a first-of-its-kind $100 million state grant program is expected to be a significant start.
UPDATE: Holcomb plans $1B in infrastructure projects funded by hike in toll road fees
The projects that were announced Tuesday are part of Holcomb’s Next Level Connections initiative to expand broadband access, add more biking and hiking trails, improve roadways, attract more direct international flights and accelerate completion of the Interstate 69 project.
House Dems offer road funding plan as alternative to GOP’s
They’re calling the plan “No New Taxes” and arguing Indiana can pay for major road-funding improvements without raising the gas tax.
Holcomb calls to use $500M fund from Toll Road lease to fund entrepreneurship
Gov.-elect Eric Holcomb, who announced his legislative agenda Thursday, has roughly the same idea as Gov. Mike Pence when it comes to investing in early-stage Indiana companies, but wants to pay for the plan through a different fund.
House Republicans’ road plan includes gas-tax increase, user fees
The proposal calls to raise three taxes and implement new user fees. House Speaker Brian Bosma said he expects the plan to cost most Hoosiers about $4 per month.
Paving the way for more public-private partnerships?
Neither major-party gubernatorial candidate rejects using more so-called P3s in Indiana’s future. Both think the deals have their place, but they differ on when they should be used.
Indiana Toll Road to undergo $200M in improvements
The Indiana Toll Road Concession Co. announced Tuesday the work will be done on a 70-mile section of the Toll Road from Portage to Elkhart. The work will include new asphalt, work on interchanges, shoulder replacement and work on 53 bridges.
Indiana House Republicans consider tolls on existing highways
There’s no question that tolling one of Indiana’s interstates could generate serious cash to help maintain the state’s roads. But are taxpayers willing to pay a few bucks to travel highways that now are free?
Sale of Indiana Toll Road lease-holder closes for $5.7B
Australia-based IFM Investors plans to invest $260 million in capital improvements on the Indiana Toll Road over the next five years.
New Indiana Toll Road operator due amid bankruptcy
The debt-ridden private company running the Indiana Toll Road intends to transfer its operations to a new entity under a bankruptcy filing planned for Monday.
Indiana Toll Road operator facing debt woes
The Spanish-Australian investor group Cintra-Macquarie paid the state $3.8 billion in 2006 for a 75-year lease of the 157-mile highway, but its toll revenue hasn't met expectations.
Shine comes off privatization for state projects
New approaches to privatization have forced officials in Indiana and Illinois to rethink their funding plans for the 47-mile Illiana Expressway.
I-69 leg gobbling up state’s road funding
As legislators brace for a $250 million annual transportation spending gap down the road, the Indiana Department of Transportation has designated more than one-third of its entire federal highway aid this year toward building 27 miles of Interstate 69 between Crane and Bloomington.
Study calls Indiana Toll Road lease a bad deal
The Indiana Toll Road lease may have paid off in the short term, but a new study concludes it'll be a bad deal for taxpayers in the long run. Indiana officials say the report is flawed.
Conexus: State growth will slow without more infrastructure investments
Nearly all of the $3.8 billion the state received from leasing its toll road is spent or committed, and Conexus Indiana says roads and bridges are crumbling again. How does the group, which focuses on manufacturing and logistics, recommend paying for infrastructure improvements? In effect, by raising taxes.
Next Indiana governor won’t see much toll road money
The $3.8 billion that Indiana netted in 2006 from leasing the Indiana Toll Road to a foreign consortium will be mostly spent or allocated by the time the state’s next governor takes office in January
Indiana could weather U.S. default for a couple months
The state would be able to draw down its $1.2 billion cash reserves and lean on money from the $3.8 billion Indiana Toll Road lease to carry it for a few months until the federal government came up with a plan, according to Budget Director Adam Horst.
Drivers paying more to use Indiana Toll Road
It's the second rate increase since the state leased the Toll Road to a private company, and Thursday's price jump
won't be the last. The state's lease with the private company allows tolls to go up every July after next year.
Legislators face unemployment insurance fund sinking into red
Indiana lawmakers are preparing to punt on 2009’s must-solve business issue in the hope of a federal bailout. However, it’s
anybody’s
guess how Washington will respond.