I-526 funding moves forward

by John Steinberger | June 5, 2019 4:42 pm

The on-again, off-again process for funding the completion of I-526 took a step forward Tuesday when the legislative Joint Bond Review Committee (JBRC) approved $12 million in funding for updating traffic and environmental studies. Charleston County is expected to match the $12 million. The next public hearing for the project is expected in the fall of 2020, with permitting and construction bids for the estimated $720 million project to follow.

The JBRC put the funding on hold[1] May 8 when Chairman Hugh Leatherman (R-Florence) sent the matter back to a subcommittee led by Representative Leon Stavrinakis (D-West Ashley) and Senator Thomas Alexander (R-Walhalla) to review the financing arrangements. The State Transportation Infrastructure Bank board has authorized $420 million for the project, with Charleston County on the hook for the balance. The Coastal Conservation League filed a lawsuit in state circuit court Monday challenging the legality of the use of Charleston County transportation sales tax revenue for the completion of I-526. No specific road projects were listed on the ballot when voters approved the sales tax in 2016.

Approximately $40 million has already been spent on the project for right of way acquisitions and studies. The I-526 completion project will connect West Ashley with Johns Island and James Island over a seven-mile span.

  1. funding on hold: https://lowcountrysource.com/feature-this/bonding-decision-on-i-526-delayed/

Source URL: https://lowcountrysource.com/feature-this/i-526-funding-moves-forward/