NC Accelerates Interstate Construction Projects - myfoxcarolinas.com

NC Accelerates Interstate Construction Projects

Posted: Updated:
  • Robin KanadyMore>>

  • Robin Kanady

    Robin Kanady

    Wednesday, April 2 2014 11:55 AM EDT2014-04-02 15:55:18 GMT
    Hey, Hey Carolinas! I'm doing the job I love in the place I love, my hometown. I grew up in Concord and I'm grateful to be back home telling the stories of such wonderful people in and around the Charlotte area.
    Hey, Hey Carolinas! I'm doing the job I love in the place I love, my hometown. I grew up in Concord and I'm grateful to be back home telling the stories of such wonderful people in and around the Charlotte area.
  • Rowan County Sheriff's Office Abruptly Cancels Parsons Press Conference

    Rowan County Sheriff's Office Abruptly Cancels Parsons Press Conference

    Tuesday, July 29 2014 10:45 AM EDT2014-07-29 14:45:02 GMT
    The Rowan County Sheriff's Office has abruptly canceled a press conference scheduled today to update the Erica Parsons case.
    The Rowan County Sheriff's Office has abruptly canceled a press conference scheduled today to update the Erica Parsons case.
  • Area Malls Battling Back Against NC's Loss of Tax Free Weekend

    Area Malls Battling Back Against NC's Loss of Tax Free Weekend

    Friday, July 25 2014 10:59 PM EDT2014-07-26 02:59:10 GMT
    Retailers in the Charlotte region are planning discounts to combat the loss of revenue after North Carolina’s elimination of the sales tax free weekend, which traditionally took place the first weekend in August.
    Retailers in the Charlotte region are planning discounts to combat the loss of revenue after North Carolina’s elimination of the sales tax free weekend, which traditionally took place the first weekend in August.
Many major interstates in and around the Charlotte metro are getting upgrades, including construction to finish the I-485 outer loop, the widening of I-85, and work on the interchange of I-485 and I-85.

“It’s (the construction has) definitely been going on a long time, but I think it’s a necessary evil,”  said Driver Cale Johnson.

And we’re told it could have been more time-consuming, if not for a new way of doing things.


In order to fast track the three major projects and finish them all in the same year, the North Carolina Department of Transportation used a funding mechanism they say has never been used before in North Carolina.

It’s called design-build-finance.


Jen Thompson, spokesperson for the DOT, explains design-build-finance. She says, “It’s like a deferred payment schedule like you do on a credit card, where you make a big purchase on a big ticket item, and you defer your payments over a certain amount of time.”

Thompson says the DOT does not have to pay interest, and the state makes payments to the I-485 contractor over a period of ten years, which is a longer than usual time-frame.


The bundle of projects involving I-85 and I-485 are scheduled to be wrapped up at different times, but all are set to be finished by the end of 2014. Under the traditional funding mechanism, Thompson says some of the improvements wouldn’t have started until 2015.

Johnson says the construction is worth the temporary hassle. “It’s going to save a lot of people more grief than it’s causing right now I think.”

Powered by WorldNow

WJZY FOX 46
3501 Performance Rd.
Charlotte, NC 28214
Main Number: (704) 398-0046

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices