ITR Concession Company LLC (ITRCC) is a subsidiary of IFM Investors that operates and maintains the Indiana East–West Toll Road.
ITRCC assumed this responsibility from the Indiana Department of Transportation on June 30, 2006, in accordance with a 75-year lease agreement, included as part of the 2005 "Major Moves" legislation proposed by Governor Mitch Daniels and enacted by the Indiana General Assembly in November 2005.
[1] On September 22, 2014, ITRCC announced it had filed Chapter 11 bankruptcy, and that a sale process for the asset would commence.
[3] On May 27, 2015, IFM announced it had reached financial close on its acquisition of ITRCC, and thus inherited the remaining 66 years of the concession lease agreement.
[4] This United States corporation or company article is a stub.