I-77 Widening Project May Not Have Toll Lanes After All

I-77 Toll Construction & Cancellation

The construction project to widen Interstate 77 by adding two toll lanes in each direction has been controversial since the beginning. So controversial that several politicians have lost re-election because of their support for it while others have been elected because they are against it.

Originally, state leaders had said the only way to fund adding the new lanes was to contract with an outside company to build and manage the toll lanes with the tolls paying for the project. However, now they seem to be finding the money to make the new lanes free. The General Assembly has two proposals before them to fund the cancellation or modification of the contract between North Carolina and the contractor (Cintra) currently building the lanes.

Of the two proposals before lawmakers, the first is “Complete and Delete”. This proposal would allow Cintra to finish the construction project and once complete the state would buy them out and make all the lanes free.

The second proposal would be a compromise where the state would buy out Cintra but keep one toll lane in each direction while making the other additional lane free.

Both of these proposals come at a cost, of course, which may be as high as $289 million. To cover these costs, Rep. John Bradford and Sen. Jeff Tarte, both of Cornelius, proposed amendments of $300 million and $620 million, respectively. Both amendments passed without a any dissenting votes and now a committee is reviewing each amendment.

For all those who fought against and hoped and prayed that the toll lanes would never become a reality, your wish may come true as there is now real effort to allocate funding to make it happen. Hopefully by the end of August we will have a good idea of what lawmakers decide.



Reference: charlotteagenda.com

About the Author

Owner/Broker of Allen Adams Realty

Bill Adams, a North Carolina native, is founder and Owner/Broker of Allen Adams Realty, a boutique agency focused on personalized real estate services. The name “Allen Adams Realty” is derived from Bill’s full given name which is William Allen Adams.

Bill, after obtaining both a real estate sales license and an appraisal license, began his real estate career in 1998 after successful careers in the racing and automotive industries. First, a concentration on real estate appraisal services allowed Bill to gain detailed knowledge and insights into the many different facets of the greater Lake Norman and Charlotte metro real estate markets. This allowed Bill to truly understand real estate values and local markets and expand into doing both appraisal and real estate sales. Then in 2004, armed with his experience, knowledge, and expertise, Bill started his own firm and called it Allen Adams Realty. In the early years of his new firm Bill continued to do both real estate appraisal and sales and then after the downturn of the market in the late 2000’s Bill has focused solely on real estate sales.

Bill strives for excellence in all aspects of his relationship with each and every client and prides himself on providing premier dedicated and personal professional service. Bill has successfully represented a wide range of clientele from international high-end luxury buyers to young families buying their first home. Through his wide reaching marketing he has also developed a large part of his business helping those buying second homes on Lake Norman or relocating to the area. Bill’s varied background and seasoned experience has made him a trusted and highly rated expert, which has been validated by being awarded multiple Five Star Professional Award for Real Estate awards. An award given to only the top 7% of real estate agents in the entire Charlotte market area.

On a personal note, Bill has lived most of his life in North Carolina and has lived in the Lake Norman area since 1997. He currently lives in the wonderful small college town of Davidson with his lovely wife Lindsey, beautiful daughter, and beloved dog. Beyond real estate, he enjoys boating on the lake, spending time with friends and family, most all things motorsports, cars, motorcycles, Panthers football, being active, hiking and exploring in the nearby mountains, vacations to the beach, traveling, as well as many other things.

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