CHARLESTON, S.C. — Charleston City Council is proposing a combination of tolls and taxes to pay for finishing Interstate 526 through Charleston's western suburbs.Local media outlets report that the council voted 11-2 Tuesday to ask the state infrastructure bank to give the city and Charleston County until the end of the year to develop a plan to cover the shortfall for completing the highway.
The infrastructure bank has set aside $420 million for the project but the work is now expected to cost $725 million.
The city is asking the infrastructure bank board to give the city and county until Dec. 31 to explore raising half of the needed money through a sales tax increase while the other half would be paid for by tolls on the road.
http://www.thetrucker.com/News/Stories/2016/4/27/TollsandTaxesCharlestonsproposalforfinishingI-526.aspx
http://www.compasstruckrental.com/index.php/news/1417-tolls-and-taxes-charleston-s-proposal-for-finishing-i-526
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