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

Legend of the Ridge Route; a history of crossing the mountains between the Los Angeles Basin and San Joaquin Valley from wagon trails to Interstates

Over the past two decades I've crossed the Interstate 5 corridor from Los Angeles north over the Sierra Pelona Mountains and Tehachapi Range to San Joaquin Valley what seems to be an immeasurable number of times.  While Interstate 5 from Castaic Junction to Grapevine via Tejon Pass today is known to most as "The Grapevine" it occupies a corridor which has been traversed by numerous historic highways.  The most notable of these highways is known as the "Ridge Route."  This article is dedicated to the Ridge Route and the various highways that preceded it.  This blog is part of the larger Gribblenation US Route 99 Page.  For more information pertaining to the other various segments of US Route 99 and it's three-digit child routes check out the link the below. Gribblenation US Route 99 Page Ridge Route corridor introdution The Ridge Route as originally envisioned was a segment of highway which was completed in 1915 between the northern Los Angeles city limit

Establishing the numbering conventions of California's chargeable Interstates

The Federal Highway Aid Act of 1956 brought the Interstate Highway System into existence which would largely be constructed by Federal Highway Administration fund matching.  The Interstate Highway System was deliberately numbered to run opposite the established conventions of the US Route System.  While the Interstate Highway numbering conventions are now well established there was a period during the late 1950s where they were still being finalized.  This blog examines the history of the establishing of the chargeable Interstate Highway route numbers in California.  The above blog cover depicts the Interstate Highway route numbers requested by the Division of Highways in the Los Angeles area during November 1957.  The establishment of the numbering conventions of California's chargeable Interstates The Interstate Highway System was not created in a vacuum by way of the passage of the 1956 Federal Highway Aid Act.  The beginning of the Interstate Highway System can be found in the

California State Route 210 (legacy of California State Route 30)

  California State Route 210 is a forty-mile-long limited access State Highway located in Los Angeles County and San Bernardino County.  California State Route 210 exists as a non-Interstate continuation of Interstate 210 and the Foothill Freeway between California State Route 57 in San Dimas east to Interstate 10 Redlands.  California State Route 210 was previously designated as California State Route 30 until the passage of 1998 Assembly Bill 2388, Chapter 221.  Since 2009 the entirety of what was California State Route 30 has been signed as California State Route 210 upon the completion of the Foothill Freeway extension.  Below westbound California State Route 210 can be seen crossing the Santa Ana River as the blog cover.  California State Route 30 can be seen for the last time on the 2005 Caltrans Map below.  Part 1; the evolution of California State Route 30 into California State Route 210 What was to become California State Route 30 (CA 30) entered the State Highway System duri