Mobile
Tuesday, January 12, 2010
News Lawyers: I-485 financing plan is legal
Posted By Rhiannon Fionn-Bowman on Tue, Jan 12, 2010 at 7:26 PM
And, we're on ... again. Now, to find contractors that want to front the money.
The Attorney General's Office says a proposal to complete the outer loop around North Carolina's largest city using an extended payment plan is legal.Attorney General Roy Cooper's chief deputy wrote Tuesday there's nothing that appears to prohibit an alternative financing plan for the final stretch of Interstate 485. The word came in a formal advisory opinion to Transportation Secretary Gene Conti.
Gov. Beverly Perdue proposed in November completing the final five miles of I-485 and an interchange by asking private contractors to put up to $50 million toward construction. The state would pay bid winners over a 10-year period.
Read the rest of this MSNBC/ NewsChannel 36 article here.
Should the loop every actually be completed, this is what the I-85/ I-485 interchange is supposed to look like:
Speaking of...
Comments
Showing 1-1 of 1
Latest in The CLog
More by Rhiannon Fionn-Bowman
-
Cancer's better with a side of 'shrooms
Aug 7, 2020 -
The Last Mountain will move viewers
Aug 4, 2011 -
Government's mixed message for women
Aug 2, 2011 - More »
-
10 best movie striptease scenes
Salma Hayek, Jessica Alba and more.
-
Sushi @ Room 112
-
CL and HuffPost team up for DNC/Occupy Charlotte coverage 2
Charlotte officials negotiate what to do about its Occupy protesters as the DNC gets closer.
