USC to pay fired developers nearly $900,000

COLUMBIA, S.C. (AP) - The University of South Carolina has agreed to pay nearly $900,000 to two developers it fired because of problems with the school's research campus.

The State newspaper reported USC signed an agreement Thursday to reimburse the men for their investments. The $890,000 to pay Kale Roscoe and Tim Heath is coming from a private USC real estate foundation.

The men were fired after they failed to add a privately funded building to USC's Innovista campus, which is supposed to generate high-tech business and jobs from research work.

About $100 million in state and local tax money has gone into the project, paying for two incomplete buildings and a pair of parking decks.

USC says it's changing the focus of the project from development of research on campus to supporting research throughout the region.

Information from: The State,

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.