Tega Cay now owns the former Tega Cay Water Service.
The city closed on the formerly private utility system Thursday. Tega Cay agreed to a $5.85 million purchase price, part of a $7.9 million bond that refinances existing debt on the system it already operated — Tega Cay Utilities Department.
“There have been several different times over the past 30 years where the city has looked into this, but we were able to come up with a plan this time to get it done,” said Charlie Funderburk, city manager.
“This is an $8 million deal 30 years in the making.”
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The troubled TCWS has come under increasing fire over the past year after a series of system overflows that has caused hundred of thousands of gallons of untreated sewage to pour into Lake Wylie. Customers also have complained for years over what they say has been poor customer service from the utility.
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