Indiana Supreme Court Rejects Challenge to Toll-Road Lease
he Indiana Supreme Court unanimously rejected a claim that the law allowing the state to lease the Indiana Toll Road to a Spanish-Australian consortium of investors is unconstitutional, paving the way for the deal to go through, the Associated Press reported.
The ruling last week clears the way for the consortium, Cintra-Macquarie, to sign a $3.8 billion, 75-year lease for the highway, AP said.
The justices also ruled that the case is a public lawsuit — a legal status meaning the challengers would have to post a $1.9 billion bond to continue to fight the case in court.
One plaintiff told AP that he and other opponents probably cannot raise enough cash to post such a large bond.
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