Marshall County to sell bonds for Interstate 269

By The Associated Press

JACKSON — The Marshall County Industrial Development Authority will sell $163 million in bonds this fall to help build Interstate 269.

The Mississippi Department of Transportation says the money will be enough to complete the highway in Marshall County.

Under state law, local governments can advance money to the department to speed up highway construction, with the state paying off the debt using federal money.

The authority issued $52 million in bonds in October 2007 to begin work

When finished, I-269 will be a 30-mile bypass around Memphis through Tennessee and Mississippi. It will connect with Interstates 55, 40 and 69. The new I-69 is being developed from the Canadian border in Michigan to the Mexican border in Texas. Only short segments are currently open.