20110718-NEWS--1-NAT-CCI-CL_-- 7/15/2011 3:38 PM Page 1 $2.00/JULY 18 - 24, 2011 CALL FOR NOMINATIONS Road to turnpike deal may be rough Crain’s is accepting nominations for our annual Forty Under 40 A tight debt market and a less generous section, honoring some Indiana operator’s trouble, tight debt market make for a hard sell lease deal also will reduce the attrac- of the top tiveness of the Ohio Turnpike. business By JAY MILLER business weekly in 2009. A ANALYSIS hopes for around $3 billion Debtwire, a London newswire and civic
[email protected] multinational joint venture for the 241-mile road. affiliated with the Financial Times, leaders in paid $3.8 billion for the 157-mile Those comparative numbers could reported recently that the Indiana Northeast Indiana got lucky when it leased stretch of road between Ohio and make it hard to swing an Ohio deal. road’s operator, the Indiana Toll Road Ohio. the Indiana Toll Road in 2006. Illinois. In part, that’s because the Indiana Concession Co., has been dipping For more details on how to “It was the best deal since Man- But Gov. John Kasich won’t do as operation hasn’t performed as well into an interest reserve account to nominate, see Page 4. hattan was sold for beads,” Indiana well, it appears, if he tries to peddle as promised, chilling investment cover debt service because operating Gov. Mitch Daniels told Barron’s the Ohio Turnpike. As it is, he only interest in U.S.