tag:blogger.com,1999:blog-12703782.post4132580629543267576..comments2024-03-25T13:42:25.771-05:00Comments on Advance Indianaâ„¢: Look Who's Bidding To Buy Indiana Toll RoadGary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-12703782.post-52088480746767836232015-03-08T16:54:36.877-05:002015-03-08T16:54:36.877-05:00Under the lease the State of Indiana must approve ...Under the lease the State of Indiana must approve any assignment of the lease by the creditors. The lease is available on-line.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-86071158707982107112015-03-08T15:07:21.789-05:002015-03-08T15:07:21.789-05:00I don't think Indiana has any say in the matte...I don't think Indiana has any say in the matter. The bids are being handled by the bankruptcy trustee. Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-83266025484007354492015-03-08T14:32:56.213-05:002015-03-08T14:32:56.213-05:00Gary, take a long hard look at IFM. Talk about co...Gary, take a long hard look at IFM. Talk about corruption at the top. <br /><br />According to recent reports by the Australian Financial Review: "Industry superannuation fund heavyweights Garry Weaven and Brett Himbury are under pressure to resign from the board of global fund manager IFM Investors after a secret report into $700 million in losses at Pacific Hydro was blamed on lapses in corporate governance." http://www.afr.com/p/business/chanticleer/governance_scandal_claims_garry_lf7gTuzqxq9g5NDZXeUMSM.<br /><br />Is Indiana really going to accept a bidder that has such significant problems at the top? $700 million dollar losses at just one asset, secret reports, shareholder revolts, abrupt resignations by top officials, yet they want to buy the Indiana toll road? Looks like it will be up for sale again after a second bankruptcy in a couple of years. Maybe by then the counties can get their own act together (speaking of ineptitude).<br /><br />The only people making money are the lawyers and the Wall Street finance guys taking a cut each time it is resold.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-82331659614575859922015-03-07T16:49:25.759-05:002015-03-07T16:49:25.759-05:00I thought the entity that leased the toll road bac...I thought the entity that leased the toll road back around '06 reorganized under bankruptcy, it still runs the facility, and the state decided not to take the facility back after bankruptcy was filed. Who is accepting bids here - the leasee, a bankruptcy court, the state? Why are these northern Indiana counties only wanting to lease part of the facility? Anonymousnoreply@blogger.com