Indiana Toll Road Operator Files For Bankruptcy05:28
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Indiana Toll Road near Fremont, Indiana (jimmyemersondmv/Flickr)MoreCloseclosemore
Indiana Toll Road near Fremont, Indiana (jimmyemersondmv/Flickr)

This week, the operator of the Indiana Toll Road , which spans 157 miles connecting Ohio and Chicago, filed for bankruptcy.

ITR Concession Company — which is owned by a Spanish infrastructure company Ferrovial and an Australian investment bank Macquarie -- paid $3.8 billion to lease the Northern Indiana highway I-80/ I-90 for 75 years.

But after traffic decreased, the investment went bust.

Hani Mahmassani, director of Northwestern University Transportation Center and a professor of Civil and Environmental Engineering, joins Here & Now's Jeremy Hobson to discuss private owners of public highways and the reasons states lease their roads.

Guest

  • Hani Mahmassani, director of Northwestern University Transportation Center and a professor of Civil and Environmental Engineering.

This segment aired on September 24, 2014.

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