Indiana Toll Road Lease Amendment
Sector: Stadium • Location: Indiana, United States
Source: WPTA | 21Alive | Fort Wayne, IN
The state of Indiana has agreed to amend the 75-year lease with the Indiana Toll Road's private operator, allowing toll increases twice a year in exchange for payments totaling $700 million. The amendment includes toll hikes of at least 1.5% twice annually, capital improvements of at least $25 million within five years, and risk-sharing provisions between the operator and the Indiana Finance Autho
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Participants
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Status
Original status | awarded |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The state of Indiana has agreed to amend the 75-year lease with the Indiana Toll Road's private operator, allowing toll increases twice a year in exchange for payments totaling $700 million. The amendment includes toll hikes of at least 1.5% twice annually, capital improvements of at least $25 million within five years, and risk-sharing provisions between the operator and the Indiana Finance Authority. The funds will be used for transportation and infrastructure projects in seven counties, including Lake County, the prospective host of a new Chicago Bears stadium. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
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Location
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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