Jul
29

Greenville Developer Makes Revised Bid for Bull Street Property

By
– SCbizmag.com

Developer Bob Hughes has submitted a revised proposal to buy Columbia’s massive Bull Street property, attempting to address the concerns that prompted the S.C. Mental Health Commission to spurn his earlier bid.

The latest proposal, made in the past week, moves toward addressing the commission’s concerns, according to Mark Binkley, counsel for the commission. Binkley said he is still hopeful that an arrangement for the sale with Hughes can be worked out this summer.

The commission had wanted more certainty of its revenue than was provided in the original proposal, which it rejected earlier this summer. It was uncomfortable with some of the financial aspects of the deal that were provisional based on the project’s success, Binkley said.

ARTICLE SHORTENED DUE TO LENGTH….

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