OTHERPENDING

City Proposes $25M Purchase of MUSC Foundation Property

The City of Charleston proposes to authorize the Mayor to enter into a Letter of Intent with MUSC Foundation to purchase approximately 2.5 acres on Lockwood Drive for $25 million. Funding includes $10M from WestEdge Foundation and $15M from the City, with an option for affordable housing units for MUSC affiliates.

Document date · February 19, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$25,000,000
Contract type
OTHER
Renewal
Letter of Intent stage; contract not yet finalized. Option for affordable housing units to be further defined.
Document type
Agenda
Source document
City of Charleston Community Development Committee Agenda Feb 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Charleston city?

Musc Foundation was awarded this government contract by City of Charleston city, as recorded on February 19, 2026. The contract value is $25,000,000.

How much is the Musc Foundation contract with City of Charleston city worth?

The Musc Foundation contract with City of Charleston city is valued at $25,000,000.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Charleston Community Development Committee Agenda Feb 2026 (Agenda), dated February 19, 2026 from City of Charleston city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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