COLUMBIA, South Carolina — The sale of an old port in South Carolina is one step closer to being finalized.
The State Budget and Control Board on Wednesday is set to discuss the South Carolina Ports Authority's agreement to finally sell 317 acres of land in Port Royal.
After eight years and three failed attempts, the authority board last week approved the sale to Furman Investment Advisory Services of Greenville for $15.4 million. The previous asking price was $22.5 million.
The deal still needs approval from Budget and Control.
The property was once the site of a small port that began operation back in 1958. It has been vacant for a decade, and the General Assembly ordered its sale back in 2006.