Skip to main content

Southern Connector (I-185) default leads to concerns over Interstate 73 plans

The recent default on debt service by the privately operated Greenville Southern Connector (Toll Interstate 185) has led some South Carolina legislators concerned that a private-public partnership for construction of Interstate 73 in northeastern South Carolina.

On January 1, the Connector 2000 Association defaulted on debt service.  They are currently trying to negotiatie with creditors on losses and repayments.  The SC Legislature recently voted down an ammendment that would have allowed the Connector 2000 Association to renegotiate terms and restructure their bonds.  The ammendment failed by a vote of 46 to 59. 

The concern of most legislature is that SCDOT would become responsible for any of the losses on the road, specifically if Connector 2000 Association and the Southern Connector goes bankrupt.

With one of the possible financing solutions for building Interstate 73 a public-private partnership, some legislators, such as Ken Kennedy, are concerned that the same thing will happen with I-73.

The amendment to fix the Southern Connector was to be added to a larger bill that would allow SCDOT to search for and enter a public-partnership agreement for construction of Interstate 73 and other new highways.  If approved, any new roads with this financing would most likely be tolled.

The public-private partnership issue for future highway construction in South Carolina has been under debate
 in the SC legislature since last year.

Story Links:
House rejects Southern Connector bond revamp, discusses I-73 ---South Carolina Radio Network w/ audio.

Comments

Popular posts from this blog

Ghost Town Tuesday; Transylvania, Louisiana

Back in 2014 I found myself returning home to Florida from Hot Springs National Park.  While passing through East Carroll Parish in Louisiana on US Route 65 I noticed an abandoned school on the side of the highway in a community called Transylvania. Supposedly Transylvania was founded in the early 19th century and was named after the University of the same name in Kentucky.  Supposedly Transylvania has about 700 residents according to the 2000 Census but you wouldn't know it from the total lack of occupied structures.  The earliest map reference I can find showing Transylvania present in East Carroll Parish is from 1878. 1878 Louisiana State Map I really can't find too much substantive information regarding the Transylvania Elementary School but the construction is likely Pre-World War II.  Supposedly the Transylvania Elementary School was abandoned in the late 20th Century and was open to vandals until the property was purchased in 2014. Article Regarding the Transy

Kancamagus Highway (NH 112 through the White Mountains of New Hampshire)

The Kancamagus Highway is a portion of NH 112 spanning from Conway to Lincoln through the scenic White Mountains of New Hampshire. Locally known as the "Kanc", the 34.5-mile drive is a recognized National Scenic Byway, offering travelers an abundance of history and spectacular beauty in addition to being considered one of the best fall foliage viewing areas in the world. The road opened up one of the last unconquered wilderness areas in New Hampshire, a region that the 1850 state Gazetteer called "unfit for human habitation." The two lane highway links the valleys of the Merrimack, Pemigewasset and Saco rivers, crossing over Kancamagus Pass at 2,855 feet in elevation, winding through some of the most difficult and gorgeous terrain in the state. A number of scenic vistas are found along the way offering remarkable views of the surrounding White Mountains, Swift River, Lower Falls and Rocky Gorge. You will not find services through much of the drive, until you get to

I-93 Sign Replacement Project Update

Decided to beat the Memorial Day rush and traveled up I-93 north of Boston Wednesday afternoon to check out the progress of the two sign replacement projects. Based on webcam images, I new some signs had been replaced at the southern and northern end of the Somerville to Exit 38 segment. Turns out signage has been updated northbound for Exit 28 (MA 28/38), the first sign for Exit 31 (MA 16) (I guess taking advantage of MassDOT closing I-93 between Exits 20 and 28 for Big Dig Tunnel maintenance a couple nights a month) and for Exits 34 to 38. A photographic summary starts with the first re-signed exit: This is the second overhead assembly. The signs are mounted on the previously existing overhead supports that go back to the opening of the lower and upper deck portions of I-93 in the early 1970's. I don't know about using the left hand side simply for an auxiliary sign for the exit, but there isn't much room to place it elsewhere. The next interchange that  has had