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Charlotte County staff flag $90 million shortfall for key road projects; Hilltop Securities to present financing options
Summary
County staff reported rising capital shortfalls for Edgewater, Harborview and the East–West Connector, recommended considering developer impact-fee credits and asked the finance committee to review financing strategies on March 26.
Rick Arthur, physical services, told commissioners updated cost estimates from the county’s capital needs assessment show growing shortfalls on major roadway projects. "The shortfall has grown," Arthur said, and he reported that an earlier estimate of roughly $60 million had increased to about $90 million for projects including Edgewater and Harborview.
Arthur said Hilltop…
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