Where’s the money coming from for this project?

The total estimated cost to develop and build this important safety project is about $32 million. The Boundary Street Redevelopment Corridor project budget is funded through three sources:

  • The Beaufort County one cent sales tax of $11.346 million
  • The City of Beaufort's Tax increment financing (TIF) II estimated contribution of about $8.223 million
  • A Federal Highway Administration Transportation Investment Generating Economic Recovery (TIGER) grant of $12.63 million

The Boundary Street Redevelopment Corridor plans caught eyes at the federal level in 2011 as Beaufort earned the 16th largest Department of Transportation (DOT) grant that year and the largest in South Carolina history. Of the 848 applications for the TIGER III grant in 2011, only 48 were awarded funding; about 6% of the total applications received.

Show All Answers

1. What is the Boundary Street Redevelopment Corridor project, and why is it needed?
2. What areas of Boundary Street will be affected?
3. When will work start, and how long will it take?
4. What kind of traffic problems and delays should we expect?
5. Will Boundary Street be reduced to two lanes? How will the design of Boundary Street be changed?
6. What will be the speed limits on Boundary Street and the Parallel Road?
7. Isn’t the landscaped median a waste of space that could be used for more lanes of traffic?
8. Why are improvements needed on Polk Street?
9. How will the new Boundary Street design affect truck and emergency vehicles?
10. What are the economic benefits expected from this project, especially to the business along Boundary Street?
11. Where’s the money coming from for this project?
12. Are there any environmental impacts to the construction or overall design?