Here's a summary:
http://www.in.gov/gov/majormoves/lease.htmlHere's an article:
http://www.fortwayne.com/mld/journalgazette/news/editorial/13795521.htm The transaction occurs thousands of times every day. For $4.65 you can drive all the way across Indiana. That's the deal on Interstate Highway 90, the Indiana Toll Road.
But the deal could change in big ways - some known, some unknown - if Indiana Gov. Mitch Daniels succeeds in the most aggressive highway privatization venture in the country: turning day-to-day management of the 157-mile tollway over to Australian and Spanish operators for the next 75 years, in exchange for an upfront payment of $3.85 billion.
In recent years, local and state governments have slowly moved toward privatization of public services. Cities have contracted with local companies to run their water systems. A private company owns and operates a 14-mile highway linking Washington's Dulles International Airport to Leesburg, Va. In late 2004, Chicago collected $1.8 billion by turning over control of the 8-mile Chicago Skyway to a private company - the same one involved in the Indiana proposal - for 99 years.
This is just awful, braindead, foul idiocy; if they go ahead with this, the state is gonna be so fucking screwed they will wonder what the hell happened. And this is the only northern path between Chicago and Ohio, too, which means not only are Hoosiers gonna be fucked, lots of others are gonna get fucked, while the company owning the road grows fatter and fatter and fatter.
Stupid fucking privatizing dumbasses.
A 75 year lease - fuck, if I could come up with 4 billion, I'd start buying road systems, too. What a fucking cash cow!