May
31

Beaufort Commerce Park Purchase to Close Today

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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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