AP NEWS

Charleston County reaches deal to sell naval hospital

December 20, 2019 GMT

CHARLESTON, S.C. (AP) — Charleston County has reached a deal to sell the former Charleston Naval Hospital to buyers including a state lawmaker known for restoring historic buildings.

The Post and Courier reported Thursday that the sale is a big win for the county. It had planned to spend more than $6 million to tear the building down.

The county took ownership of the property in 2017 when it paid $33 million to settle a lawsuit over a failed development plan for the site. It has spent millions more on maintenance and inspections.

The new buyers include Charleston Republican William Cogswell Jr. The company that he and partners formed plans to seek state and federal tax credits to restore the building. The plan is to turn it into an apartment complex.