State Infrastructure Bank to discuss the future of I-526

Local News

COLUMBIA, S.C. (WCBD)– The State Infrastructure Bank will meet on Tuesday morning to discuss the status of the Mark Clark Expressway Project. 

Click here to watch the meeting live. 

According to the agenda, the board will be considering action on the completion project. 

In June, the South Carolina Transportation Infrastructure Bank decided to terminate its existing contract to provide funding to complete the interstate from West Ashley through James and Johns Islands.

The board voted 4-3 vote for a motion that would dissolve the Bank’s part of a funding contract, which also involves Charleston County and the South Carolina Department of Transportation.

Some of the SIB board members voted for the motion because they believe Charleston County has not been able to prove it can fund its portion.

SIB board member Chip Limehouse from Charleston disagrees.  

“Over engineering it, specifically saying this I wasn’t dotted this T wasn’t crossed, and therefore we can’t fund this project–I don’t buy that one bit. I’ve been on the bank board a long time,” Limehouse said.

Limehouse has been pushing for the bank to give funding to the project.

“I’m not going to stop. I’m not going to quit. I’m going to keep trying,” Limehouse said.

“Never is never a word I use, so I’m going to do my best to get it on the agenda and get a funding package together to get those roads built,” he said.

News 2 reached out to the governor’s office to find out his intentions.

Governor Henry McMaster spoke about the need to complete project following the Wando River Bridge partial closure.

“The construction of the 526 extension remains a top priority of Governor McMaster’s for many reasons – not the least of which is the public safety component – and he will continue to work with all parties involved to make sure the project is completed,” said Brian Symmes, Governor Henry McMaster’s Press Secretary.

Following SIB’s vote to dissolve the contract, Charleston County said the State Infrastructure Bank illegally ended it’s contract to complete the interstate 526 project.

A Charleston County attorney sent a letter to the State Infrastructure Bank on Friday, July 29th, saying they breached a 2007 agreement made between the two entities.

Charleston County Council will hold a special finance meeting Tuesday at 6 p.m. to discuss any action taken by the State Infrastructure Bank this morning. 

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