Charleston SC - Mayor Riley enters ninth term |
Riley enters ninth term
Charleston's Home Port
Blog by Mike Terry
Mount Pleasant, South Carolina
Charleston, SC - Big City amenities with a small City feel. Life is laid back here. We discuss a little bit of everything - here you'll find some of our notes, musings, ideas, and recommendations by my partner Thea Riley and myself (Mike Terry) with particular emphasis on real estate and projects in the Charleston SC Metro Area. COMMENTS ARE WELCOME and ENCOURAGED. Please notice the Post A Comment link at the bottom of each posting. CategoriesSubscribeRecent CommentsArchiveRealTown BlogsSite Feed |
Charleston's Home Port
Jan. 21, 2008
Categorized in: Charleston, SC - General
Riley enters ninth term In his inaugural speech Monday, Charleston Mayor Joseph P. Riley Jr. stressed the need for a regional development plan, an “impenetrable” urban growth boundary and the speedy development of a light commuter rail connecting Summerville to the peninsula.
“This reduces traffic, congestion and greenhouse gases (and) produces a high quality of life, and this is not something that will continue to be part of a long-range plan,” Riley said of the rail. “We must do it now.”
Riley provided no details about how or when the light rail route would be funded or built.
But Riley said his top priority is the development of children and said he will work with the Charleston County School District to develop more after-school programs. He called on colleges, universities and business and civic organizations to increase their involvement at schools as well.
Riley said he also intends to lobby the state Legislature to fully fund kindergarten for 4-year-olds.
“A wise person said long ago the only thing more expensive than quality education is ignorance,” Riley said. “And we are engaged in global economic competition. If our children are not well educated, our economy will underperform.”
Riley, who’s been the mayor of Charleston since 1975 and who won nearly two-thirds of the vote in November, pledged to increase affordable housing, improve public safety, create a regional land-use plan with the Berkeley-Charleston-Dorchester Council of Governments, increase the number of county and city parks to use as “an impenetrable urban growth boundary,” create a regional police training facility, continue to aid the development of minority- and women-owned businesses and more.
Riley also said he wants to retrofit existing bridges with bicycle and pedestrian paths.
During his talk, Riley addressed the June 18 Sofa Super Store fire that killed nine Charleston firefighters. Riley wants to purchase the land where they died and allow Charleston citizens to choose a memorial.
Riley also called for continued enhancements to the fire department to make the department a national model. The City Council recently approved a 4.5% property tax increase to help fund $2.4 million in fire department upgrades, including more firefighters and new equipment.
“That is the best way to honor our fallen heroes,” Riley said.
Newly elected council members Tim Mallard, Aubry Alexander and Gary White Jr. along with incumbents Jimmy Gallant III, James Lewis Jr. and Louis Waring also took the oath of office.
as provided by Charleston Regional Business Journal
Jan. 21, 2008
Categorized in: Charleston, SC - Real Estate
Cigar Factory mixed-use building launches sales The former industrial building known as The Cigar Factory at 701 East Bay St. has opened a sales and information center as the building’s new owner moves forward with plans to convert the property into a mix of high-end condominiums, office and retail space.
“As the largest historic building on the Charleston peninsula, Cigar Factory is a major part of the ongoing revitalization of the Charleston East side, said Boyd Simpson, president of The Simpson Organization, an Atlanta-based real estate company.
The Simpson Organization purchased the cigar factory in summer 2007 for $22 million and plans 37,000 square feet of retail space along with 26,000 square feet of condominiums priced from $349,000 to $1.5 million.
Tenants are expected to begin moving in summer 2009.
The Cigar Factory was built as an industrial plant in 1881 and is listed on the National Register of Historic Places. It has been used as a cotton mill, a cigar factory and office space, and was formerly the home of Johnson & Wales University.
Condominiums at The Cigar Factory will include the original brick walls and 15-foot ceilings. Owners will have concierge service, covered parking, a swimming pool and fitness center, a pet park, a club with individual wine storage, a private garden and a rooftop deck with views of Charleston harbor.
Retail and office spaces will be designed to accommodate dining, a gourmet-style grocery store, galleries and boutiques. Offices will have parking.
as provided by Charleston Regional Business Journal
Jan. 11, 2008
Categorized in: Charleston, SC - General
Santee Cooper offers zero-interest loans for solar panels
Looking for creative solutions to produce more energy without emitting greenhouse gases, Santee Cooper announced last week that the utility will offer interest-free loans to customers to cover their cost of installing solar panels or other renewable energy-generating equipment.
The maximum loan amount is $40,000. As part of the plan, the public utility will purchase excess energy back from customers and place it on the grid.
“Renewable energy is a key focus for us as we meet our customers’ need for electricity now and into the future,” said Marc Tye, Santee Cooper vice president of conservation and renewable energy. “Helping customers in this way sends them the signal that we are serious about Santee Cooper Green.”
Santee Cooper Green is the term the utility coined for its goal of generating at least 40% of its power by 2020 from sources that don’t emit greenhouse gases such as solar, wind and nuclear. Successful conservation efforts also will count toward the goal.
The state’s only public utility, which provides power to some 2 million electric customers, rolled out the aggressive agenda while fighting a public relations battle over plans to construct a new coal-fired plant in Florence County.
Environmental groups have assailed the utility, arguing that coal is the dirtiest form of producing electricity, but Santee Cooper says it can’t keep up with rising energy demands without it, and that a new plant would implement the latest environmental control technology that would meet or exceed federal environmental standards.
To talk to a Santee Cooper marketing representative about the loans, call 843-347-3399, ext. 3277, in Horry and Georgetown counties and 843-761-8000, ext. 3277, in Berkeley County.
as provided by Charleston Regional Business Journal
Jan. 11, 2008
Categorized in: Area - Education
Three SC Universities rank among the best value
Clemson University, the University of South Carolina and College of Charleston all are ranked as among the best deals in public education, according to Kiplinger’s 2008 annual ranking.
Clemson claims the highest spot among the three, ranking No. 33 of 100, but fell from No. 29 last year.
USC, meanwhile, jumped 16 spots to No. 35 after dropping 20 spots in 2006.
College of Charleston also made the list at No. 70, down from 47 last year, as the cost to attend the school increased from an average of $14,762 to $17,272.
To compile the list, Kiplinger analyzed student SAT and ACT scores, university enrollment, student-faculty ratio, graduation rates, total cost and average debt after graduation. The financial magazine will release the ranking in its February issue.
Kiplinger did not mention Clemson or the College of Charleston in the article but singled out USC’s rise on the list for “a more competitive admission rate, plus better test scores.”
“The 2007 freshman class entered the university with the highest average SAT score in our history,” said USC President Andrew Sorensen.
The University of North Carolina at Chapel Hill earned top honors for the seventh straight year.
as provided by Charleston Regional Business Journal
Jan. 11, 2008
Categorized in: Charleston, SC - General
Russian firm buys Chevron site for $20 million
Delphin Group USA, the North American division of a Russian petroleum firm, has paid $20 million for a North Charleston industrial site formerly owned by Chevron Corp.
The Virginia Avenue site, which has changed hands numerous times over the past several decades, and which most recently went on the market in September for an asking price of $26 million, is expected to be operational by February, according to published reports.
Delphin Group USA plans to ship various oils to the facility, where they will be mixed, bottled and prepared for sale in both domestic and overseas markets.
At full production, the plant is expected to employ nearly 200 workers and manufacture 10 million gallons of petroleum products annually.
According to promotional materials provided by Colliers Keenan Inc., the Charleston-based industrial brokerage firm that handled the sale, various affiliates of Texaco Inc. owned the site between 1910 and 1998 when it was transferred to a joint venture between Texaco and the Shell Oil Co. know as Equilon Enterprises LLC.
In 2002, as part of the merger between Texaco and Chevron, Texaco sold its interest in the joint venture to Shell. Chevron USA subsequently purchased the property, but decided not to restart petroleum operations at the site, eliminating more than 70 jobs in the process.
Chevron interviewed a number of brokerage firms in June, selecting Colliers Keenan, which had recently sold the nearby Macalloy industrial site. Colliers Keenan’s charge was to sell the property by the end of 2007.
Several elements made the land attractive to Delfin, said Hagood Morrison, who handled the sale with Amanda Kitchen, also of Colliers Keenan.
These included the site’s deep water access on the Port of Charleston’s 45-foot shipping channel, the three rail spurs linking the site to both the Norfolk Southern and CSX rail service, the site’s highway access and the fact that an on-site maintenance crew kept the facility operationally ready even after the plant closed in late 2006.
Kitchen said the brokerage received more than 15 offers for the site resulting in more than 50 visits by prospective buyers.
Morrison said much of the interest came from producers of alternative fuels. At the end of the day, however, “the group which closed was in a similar business as Chevron, lube oil blending and distribution.”
The facility is Delfin Group USA’s first manufacturing plant in North America. Its parent company, Delfin Russia, operates plants in Moscow and Riga, which is adjacent to the Baltic Sea.
as provided by Charleston Regional Business Journal
Oct. 22, 2007
Categorized in: Arts & Entertainment
Jerry Lee Lewis Concert Jerry Lee Lewis - 8 p.m. - Dec 8. Great Balls of Fire! Lewis and the Killer Band will rock the Charleston Music Hall. Tickets are $75-$225. For details, call (843) 853-2252.
Oct. 17, 2007
Categorized in: Arts & Entertainment
Local food and wine fest named one of Southeast's top events
The third annual BB&T Charleston Food + Wine Festival, scheduled for Feb. 28 through March 2, 2008, has been
recognized by the Southeast Tourism Society as one of the Top 20 events for the month of February 2008.
as provided by Charleston Regional Business Journal
Oct. 17, 2007
Categorized in: Charleston, SC - Real Estate
Green concept home planned for Poplar Grove Poplar Grove, the low-density residential development near Hollywood that will preserve more than 3,000 acres under a conservation easement, has been chosen as the second location for a Concept Home, a project of the U.S. Department of Housing and Urban Development's Partnership for Advancing Technology in Housing. The first PATH Concept Home was recently completed in Omaha, Neb. The project team was looking for a Southern location for their next Concept Home, said Dana Bres, director of office policy and research for PATH. The Concept Home at Poplar Grove will serve as a model of sustainability, disaster resistance, flexibility and cost effectiveness. The Concept Home's design and technical specifications will meet the nation's most rigorous green building certification standards, including Leadership and Energy and Environmental Design for Homes; Energy Star; EarthCraft House and the National Green Building Standard. "We're kind of the Southeast guinea pig for the PATH house, which is great," said Vic Mills, principal and chief executive of Augusta, Ga.-based Blanchard & Calhoun Commercial, which is developing Poplar Grove. The PATH home is a good fit for the development, Mills said. "The entire lifestyle at Poplar Grove centers around conservation and the outdoors, so the PATH house is really in keeping with Poplar Grove as a community," he said. Mills' company has partnered with Bennett Hofford Construction to build the PATH home. A design charrette, or workshop, is planned for Oct. 24 at the site. Final plans will be presented in February 2008 and construction will begin in the spring.
as provided by Charleston Regional Business Journal
Oct. 17, 2007
Categorized in: Charleston, SC - Real Estate
Magnolia Development to Begin This Fall
The Chamber's Charleston Area Business Council hosted a meeting last week with guest speaker, Josh Martin, AICP, Led by Robert Clement and Terry Shook, the Magnolia Development Group aims to transform the peninsula's Neck into a vibrant, environmentally safe area of businesses, parks and residential neighborhoods. Magnolia would be what's known as an urban infill project, a plan to redevelop within a city rather than replacing green spaces with new suburban development. Plans are to begin this fall. Magnolia will also include 24 acres of public park, walking paths and public water access. source: Charleston Metro Chamber of Commerce
Oct. 16, 2007
Categorized in: Charleston, SC - General
Charleston-area tourism: What's next?
The future of hospitality and tourism in the Lowcountry is the focus of a presentation by the Coastal Young Leaders Group
on Wednesday evening at the Best Western Hotel in downtown Charleston.
as provided by Charleston Regional Business Journal
Oct. 10, 2007
Categorized in: Berkeley Co - Real Estate News
Twin Rivers purchases 42 acres in Berkeley
County
as provided by Charleston Regional Business Journal
Oct. 10, 2007
Categorized in: Charleston, SC - General
Charleston jumps to 12th place on national economic index
The Charleston-North Charleston metropolitan area jumped up 10 positions in the recently released Best-Performing Cities
Index compiled by The Milken Institute, which ranked the area 12th in terms of economic performance among the nation's 200
largest cities.
as provided by Charleston Regional Business Journal - By Molly Parker , Staff Writer
Sep. 28, 2007
Categorized in: Travel & Tourism
BudgetTravel.com
25 Reasons We Love Charleston Gracious! America's most genteel city is behaving like a frisky debutante.
Geraldine Campbell
1. Modell city
2. Greenery worth envying
3. Not your grandma's fried chicken
4. Southern hospitality
5. A spot of tea
6. Where there's Smoak...
7. Top hats
8. Long live the King
9. Hominy sweet Hominy
10. Preserving the past
11. South beach
12. And the food is good
13. Bridging the gap
14. Better homes and gardens
15. The telltale tavern
16. Have a Pleasant day
17. Here's the beef
18. This little piggy went to market...
19. On the sauce
20. Just call them Social drinkers
21. Sugar and spice and everything nice
22. Water, water everywhere
23. Thursday night fever
24. From rice to riches
25. Going to the chapel
Sep. 26, 2007
Categorized in: Homeowner Info
$4M authorized for downtown flooding
The city of Charleston is expected to get $4 million from the federal government to alleviate constant flooding in the
area known as the Fishburne/Spring drainage basin. Flooding in this area occurs during heavy rains and is made worse
during high tides, at which times much of the area between Spring and Fishburne Streets, including the stretch of U.S.
Highway 17, can be impassable.
Sep. 17, 2007
Categorized in: Arts & Entertainment
IMAX theater passes into history
Sep. 12, 2007
Categorized in: Mt Pleasant, SC - Real Estate
Snee Farm subdivision OK despite lawsuit The Mount Pleasant Town Council granted final approval of a rezoning request Tuesday that will allow the I'On group to build 57 homes on seven acres owned by Snee Farm Country Club, even as some residents begged council to await the outcome of a lawsuit challenging whether the developers have the right to build there. The meeting room was unusually packed by the dozens of residents from Snee Farm, Mount Pleasant's oldest golf course community, who came out to speak on both sides of the emotionally charged issue. As residents went to the podium one after another, their neighbors sat in the audience either applauding or shaking their heads indignantly. Town council voted 6-3 on the second and final reading after little discussion; the land was rezoned from conservation/recreation/open space to planned developed/mixed use. Mark Lipsmeyer, I'On Group's chief operating officer, said he would like to see development begin within a year. The company is purchasing the seven acres from the Snee Farm Country Club, which has said it will use the money to pay for replacement of the aging clubhouse and pool. The proposal has divided residents of Snee Farm. Some believe it will improve the value of the neighborhood, while opponents worry it will increase traffic, create storm water drainage problems and establish a precedent for building on what they claim was legally set aside as recreational land. The golf course was not rezoned, though some fret that a developer will one day attempt to take that land too as the town continues to grow. "I would say their main concern is they bought their houses and paid a premium for them based on that recreational area, that it would always be there", said Thomas Goldstein, who is representing a group of residents in their lawsuit against the country club owners, JKM Holdings LLC, who bought it four years ago from Club Corp. of America for $2.4 million. "It's a slippery slope. If you can cut off (these) acres today, how many acres will they want to cut off five years from now, where does it stop?" The lawsuit is based on a deed restriction dated Nov. 19, 1975, that states the land in question will remain as a recreational complex only. The developers argue they are not impeding the clubhouse, nor do they have plans to touch the golf course, though critics say they will be taking aesthetically pleasing open space. Goldstein told council members they should wait to act until the lawsuit is settled, though attorney Larry Richter, who is representing JKM Holdings LLC, told council the outcome of private litigation is "none of your business"."Why act?" he asked rhetorically just before the council vote. "Because the lawsuit is as bogus as the accusations you've heard here tonight.
"If there were a delicate way of saying you could judge the credibility of those who came here tonight (opposing the
project), I would say it."
"It's a constant battle," he said. "People continue to move to this area of the country and this city, and that's the way
it's going to be. The city and infrastructure needs to accommodate the growth in some fashion."
Sep. 11, 2007
Categorized in: Buyers Info
Tri-county median home price dips in August as provided by Charleston Regional Business Journal
Sep. 4, 2007
Categorized in: Homeowner Info
S.C. homeowners to get big tax cut WHAT THE TAX SWAP MEANS TO YOU
A recent study by the Strom Thurmond Institute at Clemson University analyzed how the tax swap a 1-cent-a-dollar increase
in the state's sales tax to pay for property tax relief on owner-occupied homes would affect homeowners and renters.
Here's what the study concluded: All renters will pay more in taxes. Rental housing does not qualify for property tax relief under the bill. But everyone, renters included, will pay more in sales taxes. Homeowners in school districts with higher property tax rates will receive more tax relief than those with lower tax rates.
Homeowners with modest incomes and modest homes will benefit less than homeowners with higher incomes and
more expensive homes. Beginning this fall, homeowners will no longer pay for school operating taxes for the home in which they live, typically 50 percent to 60 percent of their property tax bill. Statewide, school operating taxes total $500 million. The additional windfall, the result of a 20 percent increase to the state sales tax this year, means homeowners will not pay about a fifth of their county and city property taxes as well. However, those savings won't appear until next year, when tax bills are sent out in fall 2008. The Board of Economic Advisors said two weeks ago that a recession could loom in South Carolina's near future. But Bill Gillespie, the state's top economist, said sales tax revenues should continue to grow despite that possibility. Historically, Gillespie said, the sales tax has grown about 5.5 percent a year. Slower growth could cut into the amount of sales tax money available to pay property taxes, he said, but the sales tax surplus still would be at least $70 million, based on current data. According to state projections, residents will pay a total of $372.9 million in city and county property taxes in 2007. After paying homeowners school taxes, any sales tax revenues left over from the additional penny sales tax would help pay city and county bills. The windfall also likely means the state will collect enough money from the increased sales tax to pay in full the growing cost of homeowners school operating taxes for the next few years. The money raised by the penny-a-dollar increase in the state's sales tax is placed in a separate account. It can only be used to pay homeowners property tax bills. "That is great news,"� said state Sen. Larry Martin, R-Pickens, a skeptical supporter of the property tax relief plan. "(But) we're not out of the woods if the economy were to peak out on us." Martin said the sales tax surplus gives lawmakers a chance to see how well the new property tax relief plan is working and make adjustments. Historically, Martin said, school taxes have increased faster than state tax revenues have grown. School districts and local government also are worried the growing cost of education and services might lead to future budget cuts, because their ability to approve tax increases is capped by the new law. However, Martin said a surplus would give lawmakers a chance to address those concerns, if needed. Emerson Read, whose NoHomeTax.org group helped lead the charge for tax relief last year, said the surplus is good news. But Read still wants all home taxes eliminated. In addition, Read said, the property tax relief law did nothing to address years of overtaxing or taxes on other properties, including rental property, second homes or businesses. Read said his group likely will propose eliminating taxes on the homes of senior citizens and the disabled next year. "I feel very sorry for (them)"� Read said. "The taxes are still too high in many cases."� Reach O'Connor at (803) 771-8358. By JOHN O'CONNOR - joconnor@thestate.com
Aug. 30, 2007
Categorized in: Travel & Tourism
In Charleston, SC, manners matter The city of Charleston has won a Lifetime Achievement Award for
Most Mannerly City in America from the successor to the late
national etiquette maven Marjabelle Young Stewart. as provided by Charleston Regional Business Journal
Apr. 5, 2007
Categorized in: Charleston, SC - General
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Mike Terry | |||||||||||||||||||||||||||||||||