The Toll Road goes into private ownership today.
“There’s been a lot of talk and a lot of controversy about this,” said Sen. Thomas J. Wyss, R-Fort Wayne. “But I think history is going to prove, 10 years from now, that this was all a good idea.”
It’s not 10 years from now I’m worried about. If this were a 10 year deal, it would probably be a good one. It’s 20 and 30 and 40 and 50 and 60 and 70 and 75 years from now as the tolls increase a likely 2 to 4% per year that concern me.
The Indianapolis Star has an editorial on the subject where they make the somewhat ridiculous assertion:
Critics of the plan ultimately lost, however, because they lacked any rational arguments against the deal.
Well, no, critics of the plan ultimately lost because the deal came with enough pork for the Governor to spread around to get the deal passed; barely. There are plenty of rational arguments. Here are two: 1) It’s unfair for the motorists of northern Indiana to be the main source of taxes to build roads in other parts of the state; and 2) Toll Roads are not as conducive to economic development as are free roads.
The Star makes another argument:
Revenue from the lease will be used to substantially improve highways and bridges all over Indiana. And, as Honda Motor Co.’s announcement out of Greensburg on Wednesday illustrates, good roads are a prime resource in helping communities attract good jobs.
Does anyone believe Honda would be creating 2,000 jobs and investing $550 million in Greensburg if the city didn’t sit near I-74?
Here is the better question. Does anyone believe Honda would be locating in Greensburg if I-74 were a toll road? Maybe I’m wrong, but I seriously doubt that major manufacturers find toll highways as desirable as they do free highways. So, while we may have helped the rest of the state, we’ve condemned northern Indiana to an inferior economic development tool for the next 3 generations for the benefit of the rest of the state.
This is a great deal for folks who don’t drive the Toll Road like, presumably, the editors of the Indianapolis Star, but it’s a sacrifice we shouldn’t request of the folks who do.