On September 22, 2014, ITRCC announced it had filed Chapter 11 bankruptcy, and that a sale process for the asset would commence.[2] IFM Investors on March 11, 2015, announced that it had entered into a $5.725 billion agreement for the right to operate the Indiana Toll Road and collect toll revenue.[3] On May 27, 2015, IFM announced it had reached financial close on its acquisition of ITRCC, and thus inherited the remaining 66 years of the concession lease agreement.[4]
Referencesedit
^DeAgostino, Martin (June 30, 2006). . South Bend Tribune. Archived from the original on June 22, 2015. Retrieved June 8, 2015.
^Benman, Keith (September 22, 2014). "Indiana Toll Road Operators Declare Bankruptcy". The Times of Northwest Indiana. Munster, IN. Retrieved June 8, 2015.
^Dolan, Bill (March 11, 2015). "Down-Under Consortium Claims Victory in Toll Road Bidding". The Times of Northwest Indiana. Munster, IN. Retrieved June 8, 2015.
^Daubenspeck, Jake (May 27, 2015). "IFM Investors Completes Acquisition of Indiana Toll Road Concession Company" (Press release). Prosek Partners. Business Wire. Retrieved June 8, 2015 – via Yahoo! Finance (UK & Ireland).
External linksedit
Indiana Toll Road Website
This United States corporation or company article is a stub. You can help Wikipedia by expanding it.
indiana, toll, road, concession, company, concession, company, itrcc, subsidiary, investors, that, operates, maintains, indiana, east, west, toll, road, itrcc, headquarters, elkhart, indiana, itrcc, assumed, this, responsibility, from, indiana, department, tra. ITR Concession Company LLC ITRCC is a subsidiary of IFM Investors that operates and maintains the Indiana East West Toll Road ITRCC has its headquarters in Elkhart Indiana ITRCC assumed this responsibility from the Indiana Department of Transportation on June 30 2006 in accordance with a 75 year lease agreement included as part of the 2005 Major Moves legislation proposed by Governor Mitch Daniels and enacted by the Indiana General Assembly in November 2005 1 On September 22 2014 ITRCC announced it had filed Chapter 11 bankruptcy and that a sale process for the asset would commence 2 IFM Investors on March 11 2015 announced that it had entered into a 5 725 billion agreement for the right to operate the Indiana Toll Road and collect toll revenue 3 On May 27 2015 IFM announced it had reached financial close on its acquisition of ITRCC and thus inherited the remaining 66 years of the concession lease agreement 4 References edit DeAgostino Martin June 30 2006 Indiana Toll Road Now Under Private Operator South Bend Tribune Archived from the original on June 22 2015 Retrieved June 8 2015 Benman Keith September 22 2014 Indiana Toll Road Operators Declare Bankruptcy The Times of Northwest Indiana Munster IN Retrieved June 8 2015 Dolan Bill March 11 2015 Down Under Consortium Claims Victory in Toll Road Bidding The Times of Northwest Indiana Munster IN Retrieved June 8 2015 Daubenspeck Jake May 27 2015 IFM Investors Completes Acquisition of Indiana Toll Road Concession Company Press release Prosek Partners Business Wire Retrieved June 8 2015 via Yahoo Finance UK amp Ireland External links editIndiana Toll Road Website nbsp This United States corporation or company article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Indiana Toll Road Concession Company amp oldid 1170435291, wikipedia, wiki, book, books, library,
