Free Republic

Most folks probably think of the State Transportation Infrastructure Bank as just that – a bank that finances major highway and bridge projects. S.C. Rep. Chip Limehouse, R-Charleston and a member of the Infrastructure Bank (STIB) Board of Directors, described the bank, created by the Legislature in 1997, as a “funding arm” in a recent (Charleston) Post & Courier story. But in addition to providing funding to the state Department of Transportation and local governments, STIB in recent years also has assumed the role of a general contractor or project manager, paying millions of dollars directly to certain companies for...