not-for-profit
Greenville Southern Connector SC last of not-for-profit pikes is broke
Posted on Thu, 2010-01-21 23:27
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:
On the Wiregrass Turnpike controversy - critics seize on our not-for-profit comment
Posted on Mon, 2008-06-23 14:56
Our report on the proposal for a tollroad between the Wiregrass region of southeast Alabama and I-10 in the Panhandle of Florida - we dubbed it the Wiregrass Turnpike - has been picked up by local critics based on a short comment at the end on the history of Not-For-Profit (NFP) tollroads. They are quoting TOLLROADSnews as saying it has been a disaster.
Ed Holman a Washington County FL commissioner is one who misinterpreted our comment.
Wiregrass Pike "Not-for-profit" tollroad proposal takes hit in FL Panhandle
Posted on Wed, 2008-06-11 21:48
It's hard slogging for promoters of a spur tollroad off I-10 in the Florida panhandle to the Wiregrass region of southeast Alabama. This week in Washington County Florida where it was planned to connect with I-10, county commissioners voted 3 to 2 against support for the project.
There's much sound and fury surrounding the proposed road and finger wagging about the secrecy of the promoters, and the "lack of information."
Greenville Southern Connector up for concession offers – not-for-profit ailing
Posted on Sat, 2007-10-27 00:09
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.
US TAX The 63-20 Not-for-Profit Contrivance
Posted on Mon, 1997-12-08 16:00US TAX The 63-20 Not-for-Profit Contrivance
Originally published in issue 22 of Tollroads Newsletter, which came out in Dec 1997.
Page:6
Subjects:not-for-profit 63-20 6320
Facilities:Greenville SC MetroRoad 212 MN
Agencies:Interwest
Locations:MN AZ SC
Sources:Hedlund
US TAX
The 63-20 Not-for-Profit contrivance
MEDIA MAULING Interwest AZ, SC projects survive...just
Posted on Tue, 1997-10-07 19:20MEDIA 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
FORBES MAGAZINE REPORT:Major toll projects called
Posted on Mon, 1997-06-30 22:00FORBES MAGAZINE REPORT:Major toll projects called moonshine
Originally published in issue 17 of Tollroads Newsletter, which came out in Jul 1997.
Page:1
Subjects:media murder not-for-profit
Facilities:Greenville Connector South Mountain
Agencies:Interwest
Locations:SC AZ
Sources:Duke Rizzo
