The private operators of the Indiana Toll Road declared bankruptcy Sunday on more than $6 billion in debt, leaving the fate of the 157-mile road in the hands of a federal judge and creditors.
Indiana Toll Road Concession Co. filed its petition for reorganization under Chapter 11 in federal bankruptcy court in Chicago. The filing came eight years and three months after its parent companies paid Indiana $3.8 billion for the right to operate and collect tolls on the road for 75 years…Please click here to read Keith Benman’s story in the Times.
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