INDIANAPOLIS - A state agency says it has sold nearly $244 million in bonds to help pay for construction of the latest segment of Indiana's Interstate 69 extension.
The Indiana Finance Authority says the private developer chosen to build the stretch of highway from Bloomington to Martinsville will directly repay the tax-exempt bonds.
The agency says I-69 Development Partners is investing more than $40 million on its own toward the project.
The project will upgrade Indiana 37 to interstate standards. It's part of the I-69 extension that will connect Indianapolis and Evansville.
Construction could begin this year, with the section expected to open in 2016.
The state is paying $80 million up front and making annual payments to I-69 Development Partners to maintain the highway for 35 years.
IPS approves new staff policy for student fights
Indianapolis Public Schools board members are discussing changing the district’s policy when it comes to teachers intervening in…
Infant rescue a reminder of importance of CPR
A local day care owner performed CPR on an 11-month-old child in her care for seven minutes to save her life.
Surgery increases chance of success after stroke
A surgery performed at a local hospital is helping to increase the chances of success for stroke victims.
Police investigating death of 1-year-old girl
A 1-year-old girl died after she was found unconscious in her home Thursday morning.
Vision Fleet CEO defends electric car contract
The owner of the company providing electric cars to the City of Indianapolis is defending the contract worth more than $32 million.