Toll Road Anniversary

Today is the one year anniversary of the lease of the Indiana Toll Road and Hoosiers are still divided.

While some are convinced the deal was a sound investment others think the money generated from the lease won't last.

They are hitting roadblock after roadblock trying to make the roads in Indiana better.

Then, by a narrow legislature vote the decision to lease the Toll Road over a 75-year span.

Some Hoosiers say, it will be a long 74 years to go, others feel only time will tell.

State representative Jackie Walorski, a huge supporter of the Toll Road lease says it is a lot of years and the state is already making big bucks.

According to the Indiana State Treasurer’s website, Indiana has gained about 179 million dollars to date by leasing the toll road and that number keeps growing by the second.

However, House Speaker and South Bend Democrat B. Pat Bauer thinks the state will still lose money in the end.

“The most the money will last even estimated by the governor is 10 years. For 65 years we have no income. While that private company will be making how many times more? At least 150 billion more than they paid,” says Bauer.

Bauer says the lease was just a quick fix.

Walorski argues no matter how you look at it the state needed money to fund major moves projects all over the state.

Like State Road 23 in Granger and the Capital Avenue project in Mishawaka.

“By leveraging that asset and creating a lot more assets will help our kids here after our lifetime actually have a concrete structures belonging to them and that's a great thing,” says Walorski.

Governor Mitch Daniels says almost 12 billion dollars in road construction is expected in Indiana through 2015 and it is all because of money from the Toll Road deal.


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