Indiana Toll Road again facing debt problems, possibly Chapter 11

The Journal in an article last week cited people familiar with the matter in reporting a European bank recently sold $500 million of Indiana Toll Road debt to outside investors for 60 cents on the dollar.

A Spanish firm, Cintra, and Macquarie Group paid the state of Indiana $3.8 billion in 2006 in exchange for the right to operate the 157-mile road and collect all tolls for 75 years…Please click here to read Keith Benman’s story in the Times.