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A overview of Hardeeville\'s State Infrastructure Bank application
Citation preview
April 2009April 2009
Application to the State Infrastructure Bank (SIB)Application to the State
Infrastructure Bank (SIB)
Summary
► Amount Requested from SIB $68,260,311
► Local Match (44%) $53,373,346
► Total $121,633,657
Summary
► Amount Requested from SIB $68,260,311
► Local Match (44%) $53,373,346
► Total $121,633,657
Project DescriptionProject Description
►New Exit 3 Interchange on I-95
► 4-Laning of Purrysburg Road from I-95 South to US 17
►East-West Connector Roadway from Purrysburg Road to US 321
► Intersection Improvements at US 321 / US 17 on the Northern End and at US 170 / US 17 on the Southern End
►New Exit 3 Interchange on I-95
► 4-Laning of Purrysburg Road from I-95 South to US 17
►East-West Connector Roadway from Purrysburg Road to US 321
► Intersection Improvements at US 321 / US 17 on the Northern End and at US 170 / US 17 on the Southern End
Local MatchLocal Match► Construction of Purrysburg Road (by Stratford)
■ Initially Two Lanes
■ Four Lanes when Needed
► Right of Way Donation
■ Property at Intersections (by Jasper County / City of Hardeeville)
■ Purrysburg Road (by Stratford)
■ Exit 3 Interchange (by Stratford)
■ East-West Connector Road (by Stratford)
► Construction of Purrysburg Road (by Stratford)
■ Initially Two Lanes
■ Four Lanes when Needed
► Right of Way Donation
■ Property at Intersections (by Jasper County / City of Hardeeville)
■ Purrysburg Road (by Stratford)
■ Exit 3 Interchange (by Stratford)
■ East-West Connector Road (by Stratford)
Job Creation &Economic Growth
of the Jasper County /Hardeeville SIB Application
Job Creation &Economic Growth
of the Jasper County /Hardeeville SIB Application
Jasper County UnemploymentJasper County Unemployment
►January ’08 5.0%►February ’08 4.8%►March ’08 4.6%►April ’08 4.7%►May ’08 5.0%►June ’08 5.7%
►January ’08 5.0%►February ’08 4.8%►March ’08 4.6%►April ’08 4.7%►May ’08 5.0%►June ’08 5.7%
►July ’08
6.5%►August ’08
6.5%►September ’08
6.2%►October ’08
6.9%►November ’08
7.1%►December ’08
8.3%►January ’09
10.1%
►July ’08
6.5%►August ’08
6.5%►September ’08
6.2%►October ’08
6.9%►November ’08
7.1%►December ’08
8.3%►January ’09
10.1%
Jasper County IssuesJasper County Issues
►Population in 2008 estimated at 23,205►One of the 6 most disadvantaged counties in
South Carolina►22 percent of population lives below poverty
level. ►56 percent of the work force must travel outside
of Jasper County to obtain work.
►Population in 2008 estimated at 23,205►One of the 6 most disadvantaged counties in
South Carolina►22 percent of population lives below poverty
level. ►56 percent of the work force must travel outside
of Jasper County to obtain work.
Estimates at BuildoutEstimates at Buildout
► Current Jasper County Labor Force 10,669► Total Job Creation 28,044
► 2007 Jasper County Total Wages $266 Million► Estimated New Wages (Regionwide) $956 Million
► Current Property / Improvement Value $113 Million► Estimated New Capital Investment $7.1 Billion
► Current Jasper County Labor Force 10,669► Total Job Creation 28,044
► 2007 Jasper County Total Wages $266 Million► Estimated New Wages (Regionwide) $956 Million
► Current Property / Improvement Value $113 Million► Estimated New Capital Investment $7.1 Billion
Jasper CountyCumulative Job Creation
Jasper CountyCumulative Job Creation
Source of Economic Impact Year 5 Year 10 Year 30
Road Construction 1,290 0 0
Commercial, Industrial, & Residential Development Construction
953 2,150 3,514
Ongoing / Permanent 1,580 6,044 24,530
Grand Total Job Creation 3,823 8,194 28,044
MIXED USED VILLAGE•NEIGHBORHOOD COMMERCIAL 127 AC•SCHOOL SITES 78 AC•RESIDENTIAL 1,838 AC
MIXED USED VILLAGE•NEIGHBORHOOD COMMERCIAL 127 AC•SCHOOL SITES 78 AC•RESIDENTIAL 1,838 AC
COMMERCIAL VILLAGE•CORPORATE DISTRIBUTION 161 AC•HIGHWAY COMMERCIAL 274 AC•MIXED USE 505 AC
COMMERCIAL VILLAGE•CORPORATE DISTRIBUTION 161 AC•HIGHWAY COMMERCIAL 274 AC•MIXED USE 505 AC
BUSINESS PARK•DISTRIBUTION/WAREHOUSE 1,273 AC•CIVIC (FIRE/POLICE/EMS) 5 AC
BUSINESS PARK•DISTRIBUTION/WAREHOUSE 1,273 AC•CIVIC (FIRE/POLICE/EMS) 5 AC
RIVERPORTHardeeville, South Carolina
I-95, EXIT 3is a
Recommended RoadwayImprovement to Serve
Industrial, Warehousing, and Business Park Facilities
I-95, EXIT 3is a
Recommended RoadwayImprovement to Serve
Industrial, Warehousing, and Business Park Facilities
ConclusionConclusion
I-95, EXIT 3
is a Great Investment
for South Carolina
I-95, EXIT 3
is a Great Investment
for South Carolina