More Local Business >>
<< Prev | Next >>

A large expanse of land on Daniel Island once eyed for a container terminal should be on the real estate market soon. A State Ports Authority team soon will review proposals from five commercial real estate firms vying to sell the 495-acre property. The agency's board must approve the hiring before it lists the land. A port restructuring bill signed into law over the summer requires that the SPA have the land under contract for sale by the end of 2012 and sold by the end of 2013. Daniel Island residents offered $25 million for the SPA's entire 1,300 acres last year to turn the site into recreational space. The SPA rejected the offer as too low and opted to keep two of its three land cells as a dredge disposal site. The SPA has completed an appraisal of the property but has refused to disclose that value, citing an exemption from the state's Freedom of Information Act.

Text-a-Friend >>

<< Prev | Next >>
More Local Business >>