May
17

Ports Authority Has New Contract to Sell Port Royal Land

By

– The Post and Courier

More than two years after a promising deal to sell the State Ports Authority’s waterfront land in Port Royal fell apart, the agency has a new contract — and a bid that’s nearly $10 million lower than the previous offer

Officials will not name the prospective buyer. The SPA’s board of directors on Tuesday votes on whether to approve the $16.75 million signed contract, which also requires the state Budget and Control Board’s blessing.

Asked about the lower price, SPA spokesman Byron Miller said it still comes in above the appraised value, a figure the Charleston-based agency declined to release while marketing the property.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

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