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IndyGo seeks  million loan for Purple Line buses, new bus garage

IndyGo seeks $65 million loan for Purple Line buses, new bus garage

IndyGo needs to purchase dozens of new buses for the incoming Purple Line but is out of room to house them.

The public transit agency is seeking to borrow $65 million for improvement projects, chief among them a new bus garage on its east campus and 30 new electric buses for its second bus rapid transit line.

The vote of approval from the city’s Municipal Corporations Committee last week was divided 4- to 2, with opposing councilors concerned about the borrowing strategy and about diverting tax dollars toward anything but public safety and infrastructure.

Indianapolis: IndyGo gets $81M from feds toward the Purple Line. Here’s how it will be spent.

The loan from the Indianapolis bond bank would be paid back over a maximum of 20 years with revenue from Marion County’s Transportation Local Income Tax, passed by referendum in 2016, which in 2018 brought IndyGo $51.8 million and in 2021, a projected $63.5 million.


https://www.indystar.com/story/news/local/transportation/2021/11/02/indygo-seeks-65-million-loan-purple-line-buses-new-bus-garage-indianapolis-marion-county-indiana/6133660001/