CONTRACTPENDING

City Proposes $25M Purchase of MUSC Foundation Property

Disclosed value: $25,000,000; From agenda
Document date: Feb 19, 2026

What it covers

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.

Who holds it

Musc Foundation holds this contract with City of Charleston city. Its other public contracts on record include work for Musc Health Marion Medical Center and Medical University Of South Carolina.

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Contract details

Amount: $25,000,000
Document date: February 19, 2026
Vendor: Musc Foundation
Agency: City of Charleston city
Source document: City of Charleston Community Development Committee Agenda Feb 2026 (Agenda)

Musc Foundation's other public contracts

Musc Health Marion Medical Center, South CarolinaAffiliation Agreement With MUSC Foundation For Advancement Services · Oct 10, 2025Undisclosed Medical University Of South Carolina, South CarolinaMUHA Authorized to Acquire Bee Street Parcels · Dec 8, 2023$10.5M Medical University Of South Carolina, South CarolinaFRD bylaws amended to align with MUSC innovation strategy · Aug 14, 2020Undisclosed Medical University Of South Carolina, South CarolinaFRD FY20 financial report shows net deficit · Aug 14, 2020Undisclosed City of Isle of Palms, South CarolinaMUSC Foundation Applies for LOWVELO ATAX Funds · Sep 17, 2019$10K All Musc Foundation contractsVendor profile

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Questions about this contract

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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What other contracts does Musc Foundation hold?

Musc Foundation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Charleston city currently buying?

Explore City of Charleston city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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