| Name |
Southern Connector |
| Location |
Greenville, South Carolina |
| Mode |
Highway |
| Description |
16-mile, 4 lane toll
road of Greenville,
SC between I-185 and
I-385. Includes 4
interchanges and 23
bridges. Once the
bonds are retired,
the operation and
ownership of the road
will be transferred
to the state.
Electronic toll collection is used. |
| Sponsor |
Connector 2000 Association |
| Cost |
$191.3 million |
| Type
of Finance |
$200 million tax
exempt bonds sold by 63-20 corporation
$66.2 million in senior current
interest bonds
$87.4 million in rated senior
capital appreciation bonds
$46.6 million in unrated
subordinate capital
appreciation bonds
$17.5 million state funding |
| Revenue
Sources |
Toll |
| Project Delivery
/ Contract Method |
Joint
development agreement |
| Private
Investor Partner |
Interwest
Carolina Transportation
Group, LLC |
| Project
Advisors |
Lehman
Brothers
Haynsworth Sinkler
Boyd, PA
Southern Municipal
Advisors
Leatherwood, Walker
Todd & Mann
Wilbur Smith &
Associates |
| Lenders |
|
| Physical Status |
Opened 2/01, 9 months ahead of
original schedule. |
| Financial
Status |
Closed |
| Innovations |
Design
Build |
| Related
Links / Articles |
The
Southern Connector Home Page
South
Carolina State Legislation
Greenville
County Planning Commission Information
South
Carolina DOT News Article |
| Contacts |
Joan Peters
Connector 2000 Association,
Executive Director
880 S. Pleasantburg Drive, Suite
2D
Greenville, SC 29607
Tel.(864) 299-0413
joanpeters@aol.com
|
| Last Review/Update |
Connector
2000 Association,
May 2002 |
