Port of Port Royal sale delayed after town doesn't execute loan

The expansion of downtown Port Royal has been delayed.

The deal for the Port Royal Redevelopment Group to purchase the 51.6 acres of land that was once the Port of Port Royal has been extended by 45 days after a loan was not secured.

The $17 million sale stipulated that the town would secure funding for redevelopment, something that town leaders appear to have been unaware of. The town approved borrowing the money last month but has not yet secured the loan.

I'll point you to The Island Packet's report.