The State Ports Authority has sailed past the first channel marker in
its effort to find for a buyer or buyers for its Daniel Island property.
The agency, which put the 1,300-acre waterfront site on the market in late
March, received 18 responses to a "request for qualifications" ahead of the May
15 deadline.
While names and other details have not been released, the prospective buyers
include national, regional and local developers, said SPA spokesman Byron
Miller.
The authority will be analyzing the information in the months ahead, such the
purchase price and each applicant's ability to develop the property. Interviews
are scheduled to begin Aug. 31, and a buyer could be identified by Oct. 16.
The SPA said it plans to reinvest the sale proceeds into the estimated $700
million container port it is proposing to build on the former Navy base in North
Charleston.
The property it's selling makes up the entire southern tip of Daniel Island,
which is in the City of Charleston and Berkeley County, between the Wando and
Cooper rivers. The port has said it has had "favorable discussions" with the
city about zoning changes and the creation of a development agreement, but no
formal action has been taken.
The SPA also warned any would-be buyers that it will need about half of the
site for the next five years for dredge disposal.
The agency acquired the land in the 1990s and intended to develop it as a
massive container terminal known as Global Gateway. Amid a groundswell of
political and community opposition, that site was abandoned in 2002 in favor the
Navy base locale.
The SPA is looking to seal a deal with one or more developers who have the
experience and the financial ability to handle large, complex waterfront
projects. It requested a detailed profile of each applicant, as well as
financial statements dating back three years.
The solicitation did not include the conceptual development ideas that the
SPA unveiled to the public in March.
Those plans, completed by Wood + Partners of Hilton Head Island,
showed a dense mixed-use development on the Cooper River side of the property,
including retail space, condominiums and a marina, with an undetermined number
of single-family homes lining much of the rest of the waterfront and inland
parcels.
About 40 percent of the site would be public parks, open space or nature
preserves in scattered locations, under that plan.
When the drawings were made public, Gov. Mark Sanford winced. He said
the SPA should "do something extraordinary" with the land before selling it,
such as setting aside the entire tip of the tract for a massive public
waterfront park. He said the site has the potential of becoming "the Central
Park" of the Lowcountry, and urged residents to voice their opinions.
The governor's views are not entirely shared by the SPA board, as both sides
have acknowledged.
Contact John McDermott at 937-5572 or jmcdermott@postandcourier.com.