Toll road revenue short of what's needed for debt payment

| 9/30/2003

A 16-mile-long toll road in Greenville County, SC, cannot pay its own way, despite record-breaking revenue figures during August, The Charleston Post and Courier reported.

The highway runs from Interstate 385 on the southeast side of Greenville and forms a loop on the southern edge of the city, eventually connecting with I-85 on the city’s southeast side and then traveling into Greenville’s downtown district. The toll road was built to relieve traffic congestion on other area highways and to promote economic development.

However, the highway needs six times the amount of money it currently has to make its biannual $1.75 million debt payment, the newspaper reported, and has had to dip into its $20 million reserve twice already.

The highway received nearly 4 million toll payments in 2002, and averaged more than 10,800 a day, a 19 percent increase over the previous year. However, The Post and Courier reported, the number of new paying drivers is beginning to slow down, despite the record-breaking figures in August.