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Tolls are another tax. Hopefully we can vote to make it a free way.
No poop they're a tax. But it is a use tax. Otherwise, we would have to wait another 20 years before the money would get allocated for this to be a "freeway".
Plus I think the whole thing gets changed to a freeway once it gets paid off. I wouldn't mind seeing how much has been paid on the current segment.
Have to imagine that the leadership in Garner and Clayton have just been put on notice. If they haven't done so before, they need to start considering the amount of growth that is going to begin occurring from their towns headed towards the planned 540 route.
Have to imagine that the leadership in Garner and Clayton have just been put on notice. If they haven't done so before, they need to start considering the amount of growth that is going to begin occurring from their towns headed towards the planned 540 route.
I'm also concerned about what will happen in the area between the current end of 540 and 401. Most of that is unincorporated Wake county and is largely older neighborhoods and farm/forest. Will HS, Garner, or even FV begin to annex some of those areas? I have to imagine they will begin building up there soon.
Plus I think the whole thing gets changed to a freeway once it gets paid off. I wouldn't mind seeing how much has been paid on the current segment.
While that has happened on a small minority of toll roads, for the most part, even when they say it will become "toll free" once the bonds are paid off in 30, 40, 50, 100 years, it usually doesn't happen. I'm not going to say it won't happen with NC-540, but i would take anything they say with a grain of salt.
No poop they're a tax. But it is a use tax. Otherwise, we would have to wait another 20 years before the money would get allocated for this to be a "freeway".
Plus I think the whole thing gets changed to a freeway once it gets paid off. I wouldn't mind seeing how much has been paid on the current segment.
Well I don't know how much has been paid off, but they said that by refinancing the debt a few times over the years, that $80 or $90 million has been saved from lower rates.
Tolls are a fact of life... coming to the north arc of I-540 whenever NCDOT widens it.
FWIW, the original 1929 bridges (two) over the Cape Fear in Wilmington were tolled, but only for the six years it took to repay the bonds. Thank heaven that tolls came off the Richmond–Petersburg Turnpike in 1992.
The idea of tolling I-95 to pay off bonds for a rebuild died rapidly. Now the feds have announced money that, in conjunction with work already done in and around Lumberton and the 6-lane bypass of Fayetteville that opened in 1980, will result in a modern I-95 from milepost 11 south of Lumberton to milepost 71 at Dunn... without tolls. North of Dunn, that's a different story.
I'm also concerned about what will happen in the area between the current end of 540 and 401. Most of that is unincorporated Wake county and is largely older neighborhoods and farm/forest. Will HS, Garner, or even FV begin to annex some of those areas? I have to imagine they will begin building up there soon.
I seem to recall a few years ago they changed the law in NC to make things more difficult for towns to Annex everything (years ago there were Stop Cary signs all over 10-10 road near Holly Springs road. a lot of that area is still unincorporated with pockets of Cary over by Middle Creek separated from "mother" Cary by these unincorporated neighborhoods.
I seem to recall a few years ago they changed the law in NC to make things more difficult for towns to Annex everything (years ago there were Stop Cary signs all over 10-10 road near Holly Springs road. a lot of that area is still unincorporated with pockets of Cary over by Middle Creek separated from "mother" Cary by these unincorporated neighborhoods.
I believe you're right, this was (partly) in response to Fayetteville and its "big bang" annexation, when they basically took the rest of the western half of Cumberland County, all the way out to the Hoke County line
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