Greenville developer Bo Aughtry has been replaced on the S.C. Transportation Infrastructure Bank board, removing the Upstate’s only representative on the powerful seven-member body.
Aughtry said House Speaker Jay Lucas replaced him with H.B. “Chip” Limehouse of Charleston.
Lucas couldn’t be reached for comment by press time. SCTIB Chairman Vincent Graham of Mount Pleasant said he agreed with Aughtry that each corner of the state should be represented on the bank board. But Graham said Limehouse, who has been on the board, has extensive SCTIB experience and was the speaker’s choice.
By state law, the speaker appoints two of the seven board members, including one who must be a member of the state House of Representatives. State Rep. J. Gary Simrill, R-York, is Lucas’ legislative appointee, replacing Limehouse, a former Republican lawmaker who didn’t seek reelection to the House. However, Limehouse remained on the board as a non-legislative appointee.
Lucas had appointed Aughtry to the board in March to replace Max Metcalf of Greenville. Aughtry said he only attended one meeting, in May, and others were postponed.
The SCTIB provides loans and other financial assistance for building and improving highway and transportation facilities needed for public purposes, including economic development.
“There’s nobody on the board currently from the Upstate,” Aughtry said. “That’s why I agreed to go on [the board] in the first place, honestly, so that we would be represented. And I do believe that’s important — to have regional representation.”
He added, “It could be a Lowcountry state void and I would feel the same way.”
Aughtry said he had heard he might be replaced, but knew it was official when he received a letter from Lucas, thanking him for his service. The letter offered no explanation about why he was being replaced, Aughtry said.
“I’m not bothered about me not being on the board whatsoever,” he said. “I am bothered that this part of the state is not represented.”
The Upstate is the beneficiary of “some wonderful, healthy growth,” Aughtry said. “But the result of some of that is our major arteries are getting Atlanta-like, particularly [Interstate] 85 and even [Interstate] 385 to some extent.”
Aughtry is a graduate of the Citadel with a bachelor’s in business administration and some postgraduate business work at Furman University.
He began his real estate career with Huguenin Inc. and in 1975 helped form Small and Aughtry, a real estate and brokerage firm.
In 1980, Aughtry established The Aughtry Co. and Aughtry Securities Corp., a NASD broker/dealer. He was president until the 1988 merger with Windsor Properties Inc. that formed Windsor/Aughtry Co. Inc. Aughtry is responsible for all commercial development and investment within that company.