How much interest has our Toll Road money accumulated by now?

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By WSBT News1

Story Created: Feb 17, 2009 at 12:13 PM EST

Story Updated: Feb 17, 2009 at 1:53 PM EST

The stock market's plummet and economic downturn that followed is having an impact on Indiana's plans for the future.

The state is now not expected to make as much money off interest from the Toll Road lease.

Jane Samm of Lakeville has a Good Question: “How much interest has our Toll Road money accumulated by now?”

WSBT's Kirk Mason looked into it.

Indiana made billions off the leasing of the Indiana Toll Road. That money is being used to pay for road projects around the state, including the already underway work on U.S. 31 from South Bend to Indianapolis.

But late last year state leaders said the economic downturn was costing Indiana investment income on what had been predicted two years earlier.

Leaders could not, or would not, give me specifics on how much money might be lost.

The latest numbers the state has show investment income earned off the Toll Road lease at $397 million.

But that's based on the third quarter of 2008, the state says it doesn't have fourth quarter figures yet. So the money lost could be even higher.

The state has talked about delaying some road projects because of the loss of investment income, but the U.S. 31 project isn't one of them.

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