Confused with the varous toll passes
In Washington state, we have an account where they deduct our tolls from our license plates & we don't need transponders. Do any of the other systems have that option? We hate to need to carry a doze...
Forum Discussion
News article on the Indiana Toll Road filing
The company borrowed '$3.2 billion to fund the acquisition of the right to operate the highway for 75 years'. No mention of how much of the original construction bonds remained to be paid (and by who). The bankruptcy filing is part of a restructuring, a common action by companies that experience a gap between costs and revenue. Most of the toll revenue is going to paying the bonds, with little left for capital improvements.
The revenue and traffic volume drop is attributed to the recession which started 2 yrs after the acquisition. Interstate trucking traffic in particular was hit hard - and given its location the ITR was especially dependent on that.
The company borrowed '$3.2 billion to fund the acquisition of the right to operate the highway for 75 years'. No mention of how much of the original construction bonds remained to be paid (and by who). The bankruptcy filing is part of a restructuring, a common action by companies that experience a gap between costs and revenue. Most of the toll revenue is going to paying the bonds, with little left for capital improvements.
The revenue and traffic volume drop is attributed to the recession which started 2 yrs after the acquisition. Interstate trucking traffic in particular was hit hard - and given its location the ITR was especially dependent on that.
