Quantcast

$300M development expected at SC's Patriots Point - Live5News.com | Charleston, SC | News, Weather, Sports

$300M development expected at SC's Patriots Point

MOUNT PLEASANT, SC (WCSC) -

A Charleston developer has been selected to develop 50 acres of high ground property at the Patriots Point Naval and Maritime Museum in what is expected to be a $300 million investment over a decade.

The museum announced Friday that the board of directors of the Patriots Point Development Authority has selected Bennett Hospitality to develop the tract. Details of the project were not immediately released.

The board must first negotiate a 99-year lease with the developer and the lease also must be approved by the state Budget and Control Board.

The authority earlier sought proposals for developing the property. Ongoing revenue from the leased property will allow restoration and maintenance of the ships and piers at the museum located on Charleston Harbor.

Copyright 2014 The Associated Press. All rights reserved.

  • NEWS LocalNEWSMore>>

  • What to know when heading to the beach for the Memorial Weekend

    What to know when heading to the beach for the Memorial Weekend

    Friday, May 26 2017 11:49 PM EDT2017-05-27 03:49:38 GMT
    Source: PixabaySource: Pixabay

    One of the busiest weekends of the year is upon us. You can expect everywhere across the Lowcountry to be packed this weekend.From downtown to the beaches.

    More >>

    One of the busiest weekends of the year is upon us. You can expect everywhere across the Lowcountry to be packed this weekend.From downtown to the beaches.

    More >>
  • Motorcyclist dead in Berkeley Co. accident

    Motorcyclist dead in Berkeley Co. accident

    Saturday, May 27 2017 12:59 PM EDT2017-05-27 16:59:28 GMT

    One person is dead after an overnight motorcycle accident in Berkeley County. The accident occurred on Highway 35, just outside of the St. Stephen area, shortly before 10 p.m. Friday night. The driver was traveling north on Highway 35, when he veered off the right side of the road and crashed into a ditch. He was pronounced dead at the scene. This was an isolated crash, meaning no other vehicles or pedestrians were involved in the incident. The deceased was driving ...

    More >>

    One person is dead after an overnight motorcycle accident in Berkeley County. The accident occurred on Highway 35, just outside of the St. Stephen area, shortly before 10 p.m. Friday night. The driver was traveling north on Highway 35, when he veered off the right side of the road and crashed into a ditch. He was pronounced dead at the scene. This was an isolated crash, meaning no other vehicles or pedestrians were involved in the incident. The deceased was driving ...

    More >>
  • Fire crews battle abandoned house fire

    Fire crews battle abandoned house fire

    Saturday, May 27 2017 11:52 AM EDT2017-05-27 15:52:31 GMT
    Source: APSource: AP
    Local fire crews responded to a structure fire early Saturday morning. The fire occurred in the 1900 block of Boeing Avenue, not far from the section of the Stono River near Wappoo Road. Both the Charleston Fire Department and the Saint Andrews Fire Department responded to the call. The fire took approximately 20 minutes to extinguish. According to Battalion Chief Ray Gorham of the St. Andrews F.D., the homeowners were recently evicted from the address with...More >>
    Local fire crews responded to a structure fire early Saturday morning. The fire occurred in the 1900 block of Boeing Avenue, not far from the section of the Stono River near Wappoo Road. Both the Charleston Fire Department and the Saint Andrews Fire Department responded to the call. The fire took approximately 20 minutes to extinguish. According to Battalion Chief Ray Gorham of the St. Andrews F.D., the homeowners were recently evicted from the address with...More >>
Powered by Frankly