Board votes to move USS Laffey to Charleston's Neck, asks for loan extension (updated x3)

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Update December 2:

The Charleston Regional Business Journal has a nice follow up to The Post and Courier's brief on the requested loan extension; read it here.

Update November 30:

Patriots Point Development Authority Chairman John Hagerty has sent a letter asking state officials if they might allow an extra year to pay back the outstanding $9.2 million loan doled out for repairs to the aging warship the USS Laffey.

The $9.2 million dollar owed by the struggling attraction is due as of tomorrow, but with funding not available, Patriots Point is hoping for some good news. 

Read today's brief and look for more on the $9.2 million issue in tomorrow's edition of The Post and Courier.

Update June 23:

The Post and Courier has followed up their piece on the USS Laffey's uncertain future revealing that Patriots Point board spoke candidly this week about trying to sell or give away the warship.

In the meantime, with funds depleted and a December 1st deadline to repay a state issued loan, Patriots Point is scrambling to pull money together and submit a request for a loan extension.

It's not looking good for the Laffey, folks.

Hop over to The Post and Courier for the details.

First reporting:

In an effort to conserve funds, Patriots Point's board of directors voted Tuesday to move the warship USS Laffey to a 135-acre industrial site in Charleston's Neck Area.

Patriots Point already owes the state $9 million in loans for the Laffey's repairs and would have to tack on an additional $2 million to return it to its original spot at Patriots Point.

The Post and Courier has more on the destroyer's uncertain future.

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