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Charleston airports authority approves land sale to Boeing

September 23, 2013 J

Directors of Charleston County airports unanimously approved selling 267 acres to Boeing Thursday — the next step in expanding the aerospace company’s presence in South Carolina.

While Boeing representatives have said they have no immediate plans for the property, the acquisition will more firmly root the company in South Carolina, where Boeing is now assembling 787 Dreamliners.

Boeing will pay about $13.8 million for the land, slightly more than the $12.5 million price for a larger parcel — 320 acres – the company had negotiated in March, said Paul Campbell, director of the Charleston County Airports Authority, in an interview.

“It was really taking care of business,” he said of the vote by the 13 board members. “We felt like we got a fair deal, they (Boeing) felt like they got a fair deal.”

The price change was established using a Federal Aviation Administration-approvedappraisal method. Campbell said he hopes to close the sale with Boeing in 30 to 45 days.

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