SC’s Budget and Control approves Port Royal sale

COLUMBIA, S.C. (AP) — South Carolina officials have approved selling a port in Beaufort County that’s been vacant for a decade.

The state Budget and Control Board on Wednesday unanimously approved South Carolina Ports Authority’s agreement to finally sell 317 acres of land in Port Royal.

After eight years and three failed attempts, the ports 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 needed approval from the state’s financial oversight board.

The property was once the site of a small port that began operation back in 1958. The General Assembly ordered its sale back in 2006.

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Kinnard can be reached at http://twitter.com/MegKinnardAP