Charleston airport officials will allow Boeing to purchase more than 300 acres of land, with an option to buy 488 more acres
The Charleston Aviation Authority approved the deal Thursday, shortly after Boeing officials presented a proposal to the Authority’s board to purchase land around their manufacturing facility. The property includes the South Carolina Research Authority building. The proposal gives Boeing the right of first refusal on the 488 acres.
Boeing has not yet revealed any plans for the additional land.
Now it’s up to the appraisers to determine how much the price of the land. In about 30 days, the two sides should have a better idea of the land value. Boeing’s current facility is located on 265 acres of land the company leases. The company plans to purchase that property before 2025.
Boeing currently has 34 buildings in the Lowcountry. Its North Charleston facility has 6,000 employees.