CHARLESTON, SC (WCSC) - Charleston County and city leaders sent a joint letter to the State Infrastructure Bank asking for a compromise on the I-526 project Thursday.
Charleston County Council Chairman Elliott Summey and City of Charleston Mayor John Tecklenburg are trying to secure $420 million in state money set aside for the project.
"The SIB has articulated two primary concerns regarding the completion of the Mark Clark Extension project, those being the unknown legal costs that may be incurred arising from the permitting process, and the ability or willingness of the SIB to fund the entire project," the letter states. "Our proposal alleviates each of these concerns."
In the letter, they say if the county can get the money, the City of Charleston will pay for all legal fees associated with the project and will also help the state by matching funds on other state road projects.
The total cost for the I-526 expansion is about $725 million.
Late Thursday afternoon, the mayor's office released a copy of the letter sent to the State Infrastructure Bank Board in Columbia.
If the SIB Board agrees to give Charleston County $420 million, the county would then have to come up with the rest of the funds to complete I-526.