Brinegar: Tolling 'Not a Forgone Conclusion'

Posted: Updated:
INDIANAPOLIS -

The General Assembly has opened up the possibility of additional interstate tolling, a concept Indiana Chamber of Commerce President Kevin Brinegar says, while not a done deal, is the "most realistic" method of filling potential funding gaps for road work in the future. The Indiana Department of Transportation recently released a feasibility study on tolling, which suggests revenue from collections could exceed $53 billion between 2021 and 2050. Brinegar says expanding tolling beyond the Indiana Toll Road in northern Indiana and across the Ohio River Bridges in southeast Indiana is "not a forgone conclusion," but he says it could help offset costs like maintenance on interstates that are being widened all throughout the state.

The feasibility study, Brinegar says, is a first step in a process that would take several years. During an interview with Inside INdiana Business Television, Brinegar discussed how the state might proceed. "The General assembly did give the governor the authority to unilaterally decide whether to pursue tolling and where to pursue it.," Bringar said. "And they will look at where the greatest need is, and what revenue is likely to be generated from that segment of highway, then determine what's the best approach and how to proceed."

The feasibility study considered tolling scenarios along I-64, I-65, I-69, I-70, I-74 and I-94. Brinegar says 40 percent of tolling revenue would come from out-of-state drivers.

The study suggests the combination of tolling, widening I-65 and I-70, and decreasing fuel taxes could boost Indiana's Gross State Product nearly $27 billion over time. The 2018 General Assembly kicks off next Wednesday at the Statehouse and the Indiana Chamber will provide its annual Legislative Preview Monday in Indianapolis.

  • Perspectives

    • How to Build an Effective Team

      Many leaders who are looking to increase overall productivity at their company are implementing collaborative team environments. This growing trend is backed up by a recent study that states collaborative work environments lead to an increase in overall profitability. However, teams are only effective if built correctly. Don’t expect a group of employees to work well together if you throw them in a room without cultivating any sort of trust or team building.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • UPDATE: Nestl√© Details Fort Wayne Layoffs

      Virginia-based Nestlé USA says only 40 employees will be laid off at the company's Fort Wayne distribution center. A spokesperson for Nestlé tells Inside INdiana Business a WARN Notice filed with the state incorrectly stated the facility would close at the end of the year, affecting nearly 70 workers.

    • Eleven Fifty to Move Headquarters

      Eleven Fifty Academy has announced plans to relocate. The nonprofit coding academy says it will invest $5 million to move its national headquarters to a 25,000-square-foot space in downtown Indianapolis near the Indiana Statehouse. Eleven Fifty says it will maintain its existing space in Fishers and has additional plans to add more locations statewide in the future. The organization says it aims to bring its staff to more than 150 over the next six years. Founder Scott Jones...

    • Purdue Startup Targets Airline Food Carts

      A Purdue University-affiliated student startup thinks its innovation will help airlines become more efficient. Operating out of the Purdue Railyard, FlykeART has developed what it calls a lighter and smarter galley cart for airlines, which co-founder Yuhan Roh says could save airlines millions of dollars in fuel costs. The slimmer cart design, according to Purdue, would also help make the carts less of an injury threat for travelers. On The INnovators with Dr. K, Roh said...

    • Gateway Park will lead into the downtown district.

      Plans For New Muncie Facility Halted

      Plans for a $75 million project at the former BorgWarner site in Muncie have come to a halt.  Nigel Morrison, director of Waelz Sustainable Products LLP says “a campaign of misinformation tainted the process and ultimately made it impossible for the city council to continue supporting the project.” The project was first announced in January and was slated to create up to 90 new jobs. The announcement follows the opposition of Muncie residents who...

    • Northern Indiana Telemarketer Sentenced in Scheme

      A Merrillville telemarketer has been sentenced to over five years in prison for his role in a $10 million scheme to defraud mostly elderly victims in the United States. Carlin Woods, 35, pleaded guilty in 2017 to a count of conspiracy to commit wire fraud, one count of wire fraud and another conspiracy count to commit money laundering.