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Mt. Pleasant military museum can't repay state loan - Live5News.com | Charleston, SC | News, Weather, Sports

Mt. Pleasant military museum can't repay state loan

MOUNT PLEASANT, S.C. (AP) - Officials at a South Carolina maritime and naval museum say they don't have the money to repay a $9.2 million state loan.

Patriots Point board chairman John Hagerty told The Post and Courier of Charleston last week that his agency hopes to make interest payments on the loan while it gets an extension on the repayment deadline.

Hagerty says the loan was taken out to repair a World War II warship. The agency thought it was going to get federal funding to repay the loan, but that never happened.

State officials say no one with Patriots Point has requested an extension on the Dec. 1 loan due date.

The destroyer Laffey was removed from Patriots Point last year for emergecy repairs. The museum doesn't have the hundreds of thousands of dollars it will cost to move it back.

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