The Horry County Administration Committee will vote today on a resolution dedicating a portion of annual hospitality fee collections to funding Interstate 73 construction within Horry County.
The effort to commit county dollars to Interstate 73 is being heavily pushed by county council member Dennis DiSabato.
A member of the Infrastructure and Regulation Committee, DiSabato failed to get the resolution on last month’s I&R Committee agenda. DiSabato received a much more sympathetic result from Admin Committee chairman Johnny Vaught after approaching Vaught on including the resolution on the Admin Committee agenda.
Regardless of the vote from the Admin Committee, a positive vote is expected, the resolution will go forward to full council for consideration next week. This is the latest ploy in attempting to commit county funding to the Interstate 73 project before any other government entity at the local, state or federal level commits to providing funding for I-73.
The story being spread to other council members is the resolution, if passed, does not commit the county to anything because it’s only a resolution stating the will of the current council to fund the road project.
That is not entirely true. If the resolution is approved by full council, it would be a direction to county staff to include dedication of $4.2 million of hospitality fee revenues to I-73 in next year’s county budget. Once such a dedication is included in the budget, it will be much more difficult to remove that line item during budget discussions and would serve as the impetus to approve a similar appropriation in succeeding budgets especially considering the pressure the Myrtle Beach Area Chamber of Commerce and its cronies continue to bring to local councils to fund I-73.
Last month the Chamber promoted the idea of having local governments in Horry County commit to providing a total of $250 million in funding for I-73. The idea was promoted that such a commitment from governments in Horry County could then be taken to the state government with a request for an additional $500 million in state funding for the project. The combined $750 million in commitments would then be taken to the federal government to request funding to complete the project.
Current estimates to complete construction of I-73 from its connection with SC-22 to connection with I-95 in Dillon run in the $1.5-2 billion range.
State and federal funding for the project remain highly questionable. The state government recently committed hundreds of millions of dollars received from the federal government in Covid relief funds to expanding Interstate 26 to six lanes between Charleston and Columbia. To date, not one dime of that money has been committed to construction of I-73.