MORNING HEADLINES | A key Charleston City Council committee walked away last week from a $30 million offer to buy Charleston County’s Morrison Drive properties when city leaders decided the price was too high, complicating Mayor William Cogswell’s as-yet-unfunded affordable housing plan for the city.
The agreement unravelled over differing appraisal values – a gap of $12 million – by the city and county. The six-acre tract was a centerpiece of an ambitious plan by the mayor to add 3,500 affordable housing units in the city, according to The Post and Courier.
Meanwhile in related stories:
- New student housing development to rise near College of Charleston. The 335-bed development, slated for the 2027-28 school year, is expected to include rooftop decks, a pool deck, fitness center, study areas and ground-floor retail.
- Developer turning abandoned Charleston rail hub into 277 units of upscale housing. Local preservationists give the developer, Lifestyle Communities, high marks for the project’s materials and design.
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