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Another attempt to sell Port Royal falls through - Live5News.com | Charleston, SC | News, Weather, Sports

Another attempt to sell Port Royal falls through

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PORT ROYAL, S.C. (AP) - Another attempt by the South Carolina Ports Authority to sell its old port of Port Royal has fallen through.

The Island Packet of Hilton Head reports (http://bit.ly/1bk79p6 ) the agency approved a $15 million deal to sell the port to Furman Investment Advisory Services of Greenville last year.

But the company says there is not enough time to work out the details for the purchase before the contract expires. It's the fourth failed attempt to sell the small port.

Authority spokeswoman Erin Dhand says the agency will immediately entertain new offers. The former port has been vacant for years. In 2006, the General Assembly had ordered the port sold.

Gov. Nikki Haley signed legislation last year requiring the property to be auctioned unless it is sold by June.

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