Greenville SC Road Project

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