Indiana Toll Road

Post-Bankruptcy, Toll Road Gets New Management

May 29, 2015
Wikimedia Commons

Eight months after previous management filed for bankruptcy, the Indiana Toll Road has a new operator.

IFM Investors took ownership of the operation of the road and its pavilions after the state finance board approved the deal earlier this month.

The change in ownership comes after the original operator, ITR Concession, declared bankruptcy on more than $6 billion in debt last September.

That group will continue operating the toll road under the ownership of the new company.