CHARLOTTE - The N.C. Department of Transportation will hold a
public hearing at 7 p.m. on Thursday, Oct. 2, to receive comments on the
issuance of up to $350 million in private activity bonds. The proceeds of the
bonds will be used by I-77 Mobility Partners LLC, a private company, and its
affiliates, to help finance costs related to the construction and operation of
the I-77 Managed
The hearing will be held at the Metrolina Regional Traffic Management
Center, 2327 Tipton Drive, in Charlotte. Any person interested in the financing
of the project may attend.
The bonds shall be payable solely by I-77 Mobility Partners LLC from
revenue collected in connection with the
I-77 Managed Lanes Project. Neither the State of North Carolina or any agency
of the State will be obligated to pay the debt from the sale of the bonds.
This hearing will only involve the issuance of bonds. Comments will
not be collected regarding the project itself. That opportunity will come on October 8 and 9,
when public information sessions for the I-77 Managed Lanes project will be
held in Mecklenburg and Iredell counties. They will give area residents a
chance to learn more about the project from the contractor and NCDOT staff, and
to offer their comments.
- Wednesday, Oct. 8: Charles
Mack Citizen Center, 215 North Main Street, Mooresville, 4 p.m. -8 p.m.
- Thursday, Oct. 9: North Mecklenburg High School Media Center, 11201 Old
Statesville Road, Huntersville, 4 p.m. -8 p.m.
The I-77 Managed Lanes project will help reduce congestion and improve
travel time reliability by adding two high-occupancy toll lanes in each
direction between uptown Charlotte and Exit 28 in Cornelius, and one
high-occupancy toll lane in each direction between Exit 28 and Exit 36 in
Mooresville. The existing general purpose lanes will remain free of charge, and
will be resurfaced to provide motorists with a smoother ride.
The State of North Carolina will own the I-77 Managed Lanes Project,
and I-77 Mobility Partners LLC will manage and operate the project. I-77 Express Lanes