Sep
16

State Ports Authority to Sell Part of Failed ‘Global Gateway’ Land

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By Molly Parker – Charleston Regional Business Journal

The S.C. State Ports Authority’s board voted unanimously this morning to put more than a third of its Daniel Island property on the market.

After a half-hour meeting in executive session, the board voted without discussion on the resolution to move toward selling 495 acres.

No mention was made of the other 805 acres the SPA owns on the southern tip of the island, where it once had planned the massive Global Gateway port expansion.

The board uses the 393-acre tract farthest south and a 275-acre parcel on the Wando River side for dredge disposal. The SPA plans to access the material at those sites for construction of its new terminal on the former Navy base in North Charleston, where the General Assembly — after thwarting the Daniel Island deal — directed it to go in 2002.

To sell the property, the SPA will spend the next 30 to 60 days securing a national real estate firm to list the property. Several more months likely will pass before the property is assigned a listing price and hits the market, SPA spokesman Byron Miller said.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.charlestonbusiness.com/dailyjournal/3_232/full-issue.html#12805

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