Jul
20

Ports Authority Passes Resolution to Sell its Poperty in Port Royal

By

The S.C. State Ports Authority passed a resolution to sell its property in Port Royal for $17 million during its board meeting Tuesday. Port Royal Mayor Samuel Murray said he hopes the sale will revitalize the city and bring a new mix of residential and commercial development. The sale includes nearly 52 acres of land and 265 acres of marsh at the ports authority’s former terminal near Ribaut Road.

In 2004, the General Assembly enacted a bill that directed the ports authority to stop operating the Port Royal terminal and to sell the property. Port Royal Town Administrator Van Willis said too few ships were calling on the terminal for it to continue operating.

In June 2007, the ports authority began accepting offers for the property and received an offer of $17 million from a potential buyer who signed a letter of intent in late April.

READ MORE HERE

Be Sociable, Share!
    Categories : Beaufort

    Comments are closed.