Cost estimate on Indiana I-69 stretch rises by $100 million
Tuesday, October 30, 2012 06:19 pm
INDIANAPOLIS — Indiana officials say the state's plans to extend Interstate 69 between Bloomington and Martinsville could cost taxpayers almost $100 million more than expected.The Indianapolis Star reports that an environmental impact statement shows the 21-mile stretch between Bloomington and Martinsville could cost between $500 million and $546 million. The state estimated the cost last year at between $405 million and $440 million.
INDOT spokesman Will Wingfield said last year's figures stemmed from a 2000 study and attributed the increase to inflation.
State officials need to take or buy 346 acres, including residences, businesses and a church, to complete the section.
It's unclear how the state will fund the work. Most of the $3.8 billion received from the 75-year lease of the Indiana Toll Road has been spent or allocated.