greenville

Greenville Southern Connector SC last of not-for-profit pikes is broke


As they warned last fall the Greenville Southern Connector (GSC) tollroad defaulted on debt service due January 1. They are now in discussion with creditors as to who takes the losses, and how they reorganize the toll operation in Greenville SC - located on I-85 midway between Atlanta GA and Charlotte NC.

A statement released by the operator, Connector 2000 Association says:

Concession on Greenville Connector on hold waiting full T&R study


The Greenville Southern Connector in South Carolina is getting an investment grade traffic and revenue study, and meanwhile the procurement of a concession is on hold. Peter Femia, general manager of the Connector 2000 Association a not-for-profit which operates the tollroad under a 50 year license from the state told us their financial advisers Goldman Sachs recommended the T&R study and other measures before the association pressed forward with the private concession.

Greenville Southern Connector up for concession offers – not-for-profit ailing


The Greenville Southern Connector (GSC) is on offer to patient investors. As a not-for-profit (NFP) tollroad financed with conventional fixed interest bonds it is inexorably going broke. Last summer the Connector 2000 Association (C2A) was approached by an investor group (identify still undisclosed) with a proposal to take over the ailing non-profit, says general manager Peter Femia.

SOUTH CAROLINA:Greenville’s Southern Connector pike opens


SOUTH CAROLINA:Greenville’s Southern Connector pike opens

Originally published in issue 53 of Tollroads Newsletter, which came out in Jan 2001.

Page:19

Subjects:new toll road opens opening

Facilities:Southern Connector

Agencies:Interwest Southern Connector association

Locations:Greenville NC

MEDIA MAULING Interwest AZ, SC projects survive...just


MEDIA MAULING Interwest AZ, SC projects survive...just

Originally published in issue 20 of Tollroads Newsletter, which came out in Oct 1997.

Page:6

Subjects:media not-for-profit

Facilities:Greenville Southern Connector South Mountain

Agencies:Interwest

Locations:AZ Maricopa Phoenix SC Greenville

Sources:Sale

MEDIA MAULING

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