CHARLOTTE, N.C. (QUEEN CITY NEWS) — Following the Charlotte regional transportation board’s decision to withdraw support for the Interstate 77 South toll lanes project, the state is removing its allocated funding.
Earlier this week, the Charlotte Regional Transportation Planning Organization (CRTPO) voted to rescind its support for the public-private partnership (P3) of the $3 billion project. This comes after the Charlotte City Council narrowly pulled its approval.
A 2024 analysis revealed that the project is only financially possible as a toll-backed P3 delivery. Ahead of the decision, state officials warned that withdrawing support for the project would result in the city losing hundreds of millions in funding…