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Indiana Toll Road (WSBT photo) (December 10, 2012) |
GRANGER – New questions today about the lease of the Indiana Toll Road.
A government and public policy professor at William & Mary College claims the state will lose money in the long run.
Indiana received $3.8 billion for leasing the Toll Road to a private consortium for 75 years.
That money is helping pay for major work on state highways, including the new U.S. 31.
But in an article published in Indiana University's "Public Administration Review," John Gilmour says while the state got money up front, Indiana loses money over the length of the lease.
An Indiana Department of Transportation spokesman says Gilmour's information is flawed and doesn't take into account that Indiana taxpayers won't have to pay for more than $ 4 billion in maintaining the Toll Road over that time.
