After spending a little time looking at the site, looks like
the classic shell game of moving existing revenues around.
Don't see where any new revenues are dedicated to the basic
Although $2.6 billion sounds like a lot of money, it doesn't go very
far when it comes to building roads and bridges.
Where on that site do you imagine that you saw *that*?
That's because that particular page is devoted to describing what the money is being
spent on, not where it comes from. There is *nothing* there, except your own imagination,
that even remotely suggests "the classic shell game of moving existing revenues around."
The funding for Major Moves comes from a lease deal concluded about ten years ago: the
Indiana Toll Road was leased to an Austrailian-Spanish consortium for 75 years, and the
state got the money up front.
Perhaps you misread it. That's "billion" with a B. And the page describes in considerable
detail exactly what's being done -- looks to me like it's going pretty far.
Apparently your description of having spent "a little time" looking at the site was an
It would not go far in California. 50% of the money would go toward
impact studies of fire scorched land. 20% would go to politicians
pockets. 15% would go toward cleanup after the build. 10% would
mysteriously disappear. 5% would go toward the Asphalt patch truck that
would actually be used to do the improvements.
298% would go towards the state's dept for cost over runs.
And then you would have the cost of all of those cancer warning labels. ;~)
You mean they are still screwing around completing the interstate
Eisenhower signed off of that program in 1956.
Glad to see some of the existing roads improved.
Driving from Huntington to Monticello (US-24) was a real grind
given existing road conditions.
Have relatives scattered all along that part of US-24 who are
farmers and have been for at least 125 years.
(My grandparents are buried in Logansport.)
They are quite happy with the crappy roads since it keeps their
property taxes low and they don't travel anyway.
Where are you located?
"Neil Ward" wrote:
> You are correct.
> The $2.6 billion was spent before the new governor took office in
> 01-14-2013. We have better state roads, and I-69 was opened from
> Oakland City, to Crane, IN on 11-19-2012.
My understanding of how "Major Moves" is funded: Indiana in 2006 leased
157 miles of our 55 year old publicly financed Indiana East–West Toll
Road to Indiana Toll Road Concession Co. Indiana got $3.8 billion in
cash. ITRCC got the right to collect tolls on the road for the next 75
years. Indiana used $2.6 billion of the upfront cash to fund "Major
Moves" in addition to funds from: fuel taxes; federal aid and
reimbursement, trucking fees and license, vehicle and driver license fees.
INDOT has about 12,000 miles of roads that they are responsible for,
Indiana receives about $900. million in federal highway maintenance
funding. I would like to know how "Major Moves" is really funded.
My father grew up around Derby, Magnet and Tell City.
When he went north to get a job, they gave him the nickname
It stuck and appears on his gravestone.
Does Tell City still have the furniture building company?
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