Anybody want to buy a toll road?
Thanks again, Mitch Daniels. This is what we can look forward to when, not if, the gnome runs for president. And, from many of the comments, the locals think this worked out just great. 
Toll Road bankruptcy reignites old debate about privatization
In filing for bankruptcy, the company that operates the Indiana Toll Road has reignited an old debate about the controversial privatization of the Toll Road in 2006.
Those who opposed leasing the highway in 2006 are now outspoken, citing concerns about the future of the road and quality of its upkeep. Meanwhile, Indiana Gov. Mike Pence said in a statement Monday drivers of the route through northern Indiana can expect “business as usual.”
And U.S. Rep. Jackie Walorski said Monday the state included safeguards in the lease to protect the interests of taxpayers. Walorski voted for the lease when she served as a state representative.
Debt-ridden ITR Commission Co., a spawn of the Spanish-Australian company Cintra-Macquarie, on Sunday filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Chicago in a prepackaged plan to restructure its approximate $6 billion debt..."
More about Repub "leadership" here:
http://www.southbendtribune.com/news/local/it-s-official-toll-road-files-bankruptcy/article_da98962e-f0b5-5465-bfcd-289e7c9103fa.html
= new reply since forum marked as read
I'm going to assume that all the creditors (the "hedge funds, banks and lien holders"
are going to be first in line to profit off the pickings. And then the state will turn around and sell it to another private concern again?
Hoosiers should demand that the state take back the road. Or at least I hope that no one else will want to buy the lease, since it's purportedly a non-money-making venture. But something tells me that a lot of people are making a lot of money in these leases and bankruptcies. As the world turns ...
