IN Sitting On Billion-Dollar Cushion? - Tri-State News, Weather & Sports

IN Sitting On Billion-Dollar Cushion?

New Media Producer: Kerry Corum

State officials are eager to start collecting the interest on the $3.8 billion lease of the Indiana toll road.

Under the 75-year lease to a Spanish-Australian consortium, the state projects to net about $223 million in interest in just the first year.

State officials have already committed hundreds of millions of dollars in road projects with the lease payment.

But State Budget Director Chuck Schalliol says he expects so much in interest income that the state could be sitting on a $1 billion cushion in a decade.

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