Anybody want to buy a toll road? [View all]

[Contrary1]

Thanks again, Mitch Daniels. This is what we can look forward to when, not if, the gnome runs for president. And, from many of the comments, the locals think this worked out just great.

Toll Road bankruptcy reignites old debate about privatization


In filing for bankruptcy, the company that operates the Indiana Toll Road has reignited an old debate about the controversial privatization of the Toll Road in 2006.

Those who opposed leasing the highway in 2006 are now outspoken, citing concerns about the future of the road and quality of its upkeep. Meanwhile, Indiana Gov. Mike Pence said in a statement Monday drivers of the route through northern Indiana can expect “business as usual.”


And U.S. Rep. Jackie Walorski said Monday the state included safeguards in the lease to protect the interests of taxpayers. Walorski voted for the lease when she served as a state representative.


Debt-ridden ITR Commission Co., a spawn of the Spanish-Australian company Cintra-Macquarie, on Sunday filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Chicago in a prepackaged plan to restructure its approximate $6 billion debt..."

More about Repub "leadership" here:

http://www.southbendtribune.com/news/local/it-s-official-toll-road-files-bankruptcy/article_da98962e-f0b5-5465-bfcd-289e7c9103fa.html