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

Porter-Parsonsfield Covered Bridge - Maine

  Spanning over the Ossipee River on the border between Porter in Oxford County, Maine and Parsonsfield in York County, Maine is the 152 foot long Porter-Parsonsfield Covered Bridge. The Porter-Parsonsfield Bridge is built in a Paddleford truss design, which is commonly found among covered bridges in the New England states. The covered bridge is the third bridge located at this site, with the first two bridges built in 1800 and 1808. However, there seems to be some dispute for when the covered bridge was built. There is a plaque on the bridge that states that the bridge may have been built in 1876, but in my research, I have found that this bridge may have been built in 1859 instead. That may check out since a number of covered bridges in northern New England were built or replaced around 1859 after a really icy winter. The year that the Porter-Parsonsfield Covered Bridge was built was not the only controversy surrounding its construction. There was a dispute over building and maintain

Route 75 Tunnel - Ironton, Ohio

In the Ohio River community of Ironton, Ohio, there is a former road tunnel that has a haunted legend to it. This tunnel was formerly numbered OH 75 (hence the name Route 75 Tunnel), which was renumbered as OH 93 due to I-75 being built in the state. Built in 1866, it is 165 feet long and once served as the northern entrance into Ironton, originally for horses and buggies and later for cars. As the tunnel predated the motor vehicle era, it was too narrow for cars to be traveling in both directions. But once US 52 was built in the area, OH 93 was realigned to go around the tunnel instead of through the tunnel, so the tunnel was closed to traffic in 1960. The legend of the haunted tunnel states that since there were so many accidents that took place inside the tunnel's narrow walls, the tunnel was cursed. The haunted legend states that there was an accident between a tanker truck and a school bus coming home after a high school football game on a cold, foggy Halloween night in 1

US Route 299 and modern California State Route 299

US Route 299 connected US Route 101 near Arcata of Humboldt County east across the northern mountain ranges of California to US Route 395 in Alturas of Modoc County.  US Route 299 was the longest child route of US Route 99 and is the only major east/west highway across the northern counties of California.  US Route 299 was conceptualized as the earliest iteration of what is known as the Winnemucca-to-the-Sea Highway.  The legacy of US Route 299 lives on today in the form of the 307 mile long California State Route 299.   Featured as the cover of this blog is the interchange of US Route 101 and US Route 299 north of Arcata which was completed as a segment of the Burns Freeway during 1956.   Part 1; the history of US Route 299 and California State Route 299 The development of the State Highways which comprised US Route 299 ("US 299") and later California State Route 299 ("CA 299") began with 1903 Legislative Chapter 366 which defined the general corridor of the Trinit