Beaufort Commerce Park Purchase to Close Today


The Beaufort Commerce Park is scheduled to belong to the city by Thursday, and officials are making plans for what happens next. The city is buying the 209-acre park from S.C. Bank and Trust for $1.85 million, after the bank bought it at auction last fall for $2 million.

It will be financed through 10-year general obligation bonds carrying an interest rate of 2.11 percent, according to city manger Scott Dadson. BB&T won the contract Friday to issue the bonds.

After the city completes the purchase, City Council will work with the Beaufort Regional Chamber of Commerce to arrange a grand opening event, Dadson said.


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