Loan repayment plan for Patriots Point approved

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Update May 3: South Carolina's Budget and Control Board has approved the two year extension in the deal, giving the naval museum until 2013 to get things floating.

Head on over to The Post and Courier for a short report on the reprieve

First reporting April 6: South Carolina lawmakers gathered together today to discuss allotting more time for Patriots Point to pay back a $9.2 million state loan.

The Joint Bond Review Committee agreed to give a two-year extension on the loan. You know what that means--before 2013, Patriots Point needs to come up with a plan to pay the loan back while interest continues to accrue.

To learn more about the debate and what Patriots Point is doing to pay back the money, read The Post and Courier's article.

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