City of Charleston Community Development Committee Agenda Feb 2026
City Proposes $25M Purchase of MUSC Foundation Property
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Description
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.
Contract Details
Contract Amount
$25,000,000
Vendor
MUSC FOUNDATION
Agency
City of Charleston city, SC
Contract Type
OTHER
Document Date
February 19, 2026
Renewal Info
Letter of Intent stage; contract not yet finalized. Option for affordable housing units to be further defined.
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Community Development Committee Meeting Minutes Feb 2026
DISCUSSEDmusc-board-of-trustees-bylaws-october-10-2025_c81.pdf
ONGOINGmedical-university-of-south-carolina-agenda-2020-08-14_ddc.pdf
approvedmedical-university-of-south-carolina-agenda-2020-08-14_ddc.pdf
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