Charleston County now has three months to find more than $350 million, or else the much-debated extension of Interstate 526 could be abandoned.
The State Transportation Infrastructure Bank (STIB) board on Tuesday set a March 30 deadline for Charleston County to come up the difference between the project’s initial cost and the latest estimates. But county officials say the timeline is unrealistically short and potentially illegal, meaning the project’s entire future could hang in the balance.
“I think it’s going to be difficult for the extension of Interstate 526 to stay alive,” state Transportation Commission Chairman Jim Rozier told South Carolina Radio Network. Rozier said he supports the project, but still voted for the March deadline in order to bring it up for reconsideration at a later date.