It wasn't supposed to go this way. When Indiana leased the state's namesake, but failing, 157-mile toll road for $3.8 billion to an Australian-Spanish consortium in 2006 for 75 years, analysts predicted a handsome return for investors.
Sep 22, 2014 Chicago Tribune
In this op-ed, the former Secretary of the PA D.O.T. bemoans the lost opportunity to lease the PA turnpike to receive $12.8 billion from a private investor group, placing the blame squarely on the state legislature and the Turnpike Commission.
Nov 13, 2008 Northeast PA Business Journal
The mother of all toll road leases appears to come to a head next month, and though the chances of the near $13 billion lease of the the 537-mile Pennsylvania Turnpike to Citigroup-Abertis team are most uncertain, the PA saga is worthy of study.
Aug 28, 2008 The Wall Street Journal