McLeod deal moving forward

JAMES ISLAND, SC (WCSC) - The parks and recreation commission has approved more than $300,000  for a consulting contract and is laying the groundwork for a bond issue to finance the purchase of McLeod Plantation.

The historic plantation is on James Island. Officials said the consulting contract could not exceed $308,691.

The PRC agreed in October to buy the plantation from Historic Charleston Foundation for $3.3 million, with plans to restore the site and open it to public use. Commission officials estimate it will cost an additional $2.9 million for stabilization, repairs and to fulfill the agency's master plan for the property.

The PRC is planning to assemble a steering committee to weigh in on the guiding principles before the commission moves forward on the plan.

The commission expects to close on the deal by Feb. 28.

Copyright 2010 WCSC. All rights reserved.