Share
As expected, the state Local Government Commission has given its approval for the state to sell the remaining bonds for the $725 million Monroe Connector-Bypass, the N.C. Transportation Department announced Thursday.
The 19.7-mile bypass in Union County is meant to alleviate traffic on U.S. 74, and is the Charlotte area's first modern toll road.
The two-day sale next week of $224 million in bonds will help finance the project, as will the sale of $172 million in related bonds in December.
A federal judge recently cleared the way for work to resume on the connector-bypass when he rejected efforts by three environmental groups trying to stop the road. The bypass will start along U.S. 74 near the Mecklenburg County line and Interstate 485, run briefly east then roughly parallel U.S. 74 until it reconnects with the highway west of Marshville. It is set to open in late 2015.
ADAM BELL
