LOUISVILLE, Ky. (AP) -- The private developer of a 21-mile section of the Interstate 69 extension says it's prepared to take action against a subcontractor accused of not paying other companies for work on the project.
Christian Harper, senior vice president for corporate practice for I-69 Development Partners, issued a statement Tuesday evening saying his company "stands ready to exercise" its contractual rights with Isolux Corsan to ensure other subcontractors return to work. I-69 Development Partners hired Isolux Corsan to design and build the Bloomington-to-Martinsville segment.
The Indiana Finance Authority is threatening to find I-69 Development Partners LLC in default on its state contract, saying the company owes more than $9 million to subcontractors. A major subcontractor stopped work this week over $2.3 million in late payments.