- Associated Press - Thursday, March 3, 2016

CHARLESTON, S.C. (AP) - Charleston County and the state transportation infrastructure bank continue to disagree on how to pay for an extension of Interstate 526 across Johns and James islands.

The bank said in December that Charleston County must come up with a plan to pay more than 300 million for the project by March 30.

Multiple media outlets report the bank says the county should cover a funding shortfall for the project that could run from $305 million to $353 million.

The bank says if the county doesn’t come up with a plan for the money, the project will lose $420 million already set aside for the project.

County Council Chairman Elliott Summey says the county cannot come up with a funding plan that fast.

The project is expected to cost $725 million.


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