State Financing $250M for I-69 Segment

INDIANAPOLIS (AP): A state agency is set to sell $250 million in bonds to help pay for construction of the latest segment of Indiana's Interstate 69 extension. The developer chosen to build the stretch of highway from Bloomington to Martinsville will repay the tax-exempt bonds. Reports say bond documents estimate the total cost of the project at $370 million, with the state paying $80 million up front and making annual payments to I-69 Development Partners to maintain the highway for 35 years.