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Indiana Toll Road Operator Files for Bankruptcy - Commercial & Bankruptcy Law News

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Commercial & Bankruptcy Law News


Posted on: Sep 22, 2014

On September 22, the operator of the Indiana Toll Road filed for bankruptcy. The road is 157 miles long across northern Indiana and connects Chicago to major east-cost traffic routes. It has operated since 1956 and is owned by affiliates of Macquarie Group Ltd. and Ferrovial SA.

ITR Concession Co. acquired the righs to operate the road in 2006 and put $3.8 billion on a 75-year lease. Dwindling traffic is said to be the cause of bankruptcy, and the Indiana Toll Road is among several others across the nation who have filed bankruptcy since the recession.

Read more about the case here.

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