Hardeeville Jasper SIB Presentation

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