After buying the Indiana Toll Road in 2006 for $3.8 billion, the ITR Commission Co. is filing for chapter 11 bankruptcy. The company has approximately $6 billion in debt, and argues that toll revenue not matching expectations was the cause. The privatization of the toll by a Republican governor at the time was championed by many as a way for cash-strapped states to cash in on infrastructure.
Read it at the South Bend Tribune
