Post Tagged with: "funding agreement"

Hospitality Fee Alternatives to I-73 Agreement

November 27, 2018 10:00 AM
Hospitality Fee Alternatives to I-73 Agreement

When Horry County Council debates signing a funding agreement with SCDOT for I-73 tomorrow, there are several alternatives that should be considered before a decision is made.

As Grand Strand Daily stated in a previous article, all of the hype for I-73 is located only in Horry County. It is a given that any money designated for the project will come from Horry County only for at least the next several years.

In early calendar year 2019, the county will begin to collect Hospitality Fee revenue in excess of that needed to pay off the bonds that funded Ride I. The proposal before council is to designate approximately $25 million of that money to I-73 with SCDOT generally in control of how that money is spent.

Rather than purchasing rights of way and doing engineering design for a brand new road that may never be built beyond the borders of Horry County, why not look at using that $25 million per year toward road projects that could benefit Horry County citizens immediately upon their completion and certainly meet the standard of being tourism related?

One project that quickly comes to mind for study is raising the road bed of SC 22 between Hwy 905 and Hwy 90 to eliminate the flooding of that road that occurred during Hurricane Florence. One could even say this improvement will benefit I-73 if that road ever becomes a reality.

Two other projects that would immediately benefit both local citizens and tourists would be raising the road bed of SC 9 around Aberdeen to prevent flooding closure of the road such as has been experienced at least four times since 1999 and improvements to U.S. 501 in the Lake Busbee area to help prevent the issues Hurricane Florence and previous storms caused on that road.

Considering the designation of the excess Hospitality Fee revenue to any or all of the above three projects would have immediate benefit to citizens rather than wasting the money on purchasing rights of way and beginning engineering design of a road that may never be built.

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Coast RTA 4th Quarter Funding Approved

April 22, 2015 6:00 AM
Coast RTA 4th Quarter Funding Approved

Coast RTA will receive its 4th quarter funding from Horry County despite not completing some required tasks in its funding agreement with the county.

However, if Horry County Council comments Tuesday night were any indication, it is still unclear if Coast RTA will receive the same level, or any, funding from the county in the new fiscal year that begins July 1, 2015.

By an 8-3 vote, council followed the suggestion of council chairman Mark Lazarus to release 4th quarter funding “for the public’s benefit, for riders and for employees (of Coast RTA).”

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Coast RTA Funding Problems Continue

April 8, 2015 8:00 AM
Coast RTA Funding Problems Continue

If perception is reality in politics, Coast RTA funding from Horry County is in deep trouble.

That is the perception I have after watching last night’s Horry County Council meeting.

It centers around one huge public relations gaffe and several shortfalls on the part of Coast RTA.

It’s not a good thing when the chairman of Horry County Council says to Coast RTA representatives “it’s almost as if we don’t exist up here” and “that board (Coast) is not taking this county council seriously.”

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Coast RTA Funding Agreement Far Exceeds Special Committee Recommendations

June 5, 2014 8:15 AM
Coast RTA Funding Agreement Far Exceeds Special Committee Recommendations

Horry County has apparently found a way to exert the influence it desires over Coast RTA decisions with a proposed funding agreement between the county and the bus agency.

After failing for the last two years to have its membership on the Coast RTA board increased, the county will now have the ability to virtually dictate decisions to the Coast RTA board if the new funding agreement is approved by both sides.

The funding agreement goes far beyond recommendations made by a Special Committee on Coast RTA appointed by Horry County Council Chairman Mark Lazarus. The committee deliberated through four sessions before approving a report to Horry County Council that recommended continuing funding for the agency.

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