I-69-Cost Created by kblakeslee on 10/30/2012 6:56:21 PM
INDIANAPOLIS (AP) - 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 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.