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Council ends county purchase talks, authorizes $18M ILA purchase for Morrison Drive housing push
Summary
Charleston City Council voted to terminate a county purchase agreement for a larger parcel and authorized entering contracts to buy the ILA property at 899 Morrison Drive for $18 million, saying the site’s zoning and lower land cost better support the city’s Build First affordable housing strategy.
Charleston City Council on Dec. 16 voted to terminate the city's pending purchase-and-sale agreement with the county for a large site and instead authorized contracts to buy two parcels comprising the ILA property at 899 Morrison Drive, an action the mayor described as advancing the city’s Build First affordable housing initiative.
The administration told council the county had sought roughly $30 million for its site, while the ILA property can be acquired under an $18,000,000 aggregate purchase price. City officials said the ILA site is zoned for greater density (up to 12 stories as described in the meeting), lacks a…
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