Infrastructure bank board to discuss I-526 extension project Thursday

Infrastructure bank board to discuss I-526 extension project Thursday

CHARLESTON COUNTY, SC (WCSC) - The stalled project to extend I-526 to James and Johns Islands will be up for discussion Thursday by the State Infrastructure Bank Board.

The board is expected to consider an amendment to a resolution that calls for Charleston County to pay $353 million in cost overruns.

The resolution passed last December states if the county can't come up with the cash by the end of March, the SIB can release $420 million already set aside for the project after 60 days.

"This resolution is nothing but a power grab to move money that was committed to this county," Charleston County Council Chairman Elliott Summey said Wednesday.

Summey says the only way the county can come up with the cash is through another sales tax referendum.

He points out that taxpayers have already footed $117 million toward the project through a previous referendum.

"I don't think the voters from Charleston should have to spend more money than we've already committed, that we've already spent," Summey said.

Summey says the I-526 project does not deserve to die.

"We're under contract, let's move on, let's move, let's turn some dirt."

The Infrastructure Bank Board is scheduled to meet Thursday at 2 p.m. in Columbia.

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