Apr
22

Maybe the Third Time’s the Charm for the Port of Port Royal?

By
– The Island Packet

Months after a $16.75 million purchase fell through, the S.C. State Ports Authority has started formal negotiations with a new prospective buyer for the Port of Port Royal property.
The authority signed a letter of intent Thursday to sell the 51-acre property along Battery Creek, authority spokesman Byron Miller confirmed Thursday.

Citing the negotiations, officials would not release the buyer’s name, the sale price or how long it has to sign a purchase agreement.

The authority will take the property off the market while it finalizes a contract with the potential purchaser, but the deal is far from done, Miller said.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

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