X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHARLESTON, SC-After intense public opposition to building a proposed $1.2 billion shipping facility on Daniel Island called Global Gateway, the South Carolina State Port Authority directed its staff to study the feasibility of building a new port terminal. The research resulted in suggesting three potential sites: The Cooper River side of the island, the site of the former Charleston Naval Base, and a site on the Savannah River in Jasper County.

According to the studies, building a scaled-down version of the Daniel Island proposal would be the quickest way for the port to expand. The authority has not endorsed any of the three potential expansion sites and will continue to analyze the three options.

At its latest monthly meeting, the authority’s board agreed that each of the three sites has positives and negatives. According to the study, construction of a port terminal would take about seven years on Daniel Island or in Jasper County and about 10 years at the former naval base, which could be heavily contaminated.

The authority has estimated the port will run out of capacity within the next six to eight years. Shipping volume has risen about 16% during the past year. State and local officials believe a port expansion is necessary for South Carolina to continue attracting foreign investment and tapping export markets. The Port of Charleston is the country’s fourth-busiest container port.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.