An ongoing effort to attract nonstop flights between Indianapolis and places like Asia, Mexico and Europe is in line for a big boost.
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.
They’re calling the plan “No New Taxes” and arguing Indiana can pay for major road-funding improvements without raising the gas tax.
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.
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.
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.
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.
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?
Australia-based IFM Investors plans to invest $260 million in capital improvements on the Indiana Toll Road over the next five years.
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.
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.
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.
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
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.
Indiana lawmakers are preparing to punt on 2009’s must-solve business issue in the hope of a federal bailout. However, it’s
guess how Washington will respond.