Council to Discuss Palmetto Compress Building Contract

9:55 AM, Oct 15, 2013   |    comments
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Columbia, SC (WLTX) - The sale of the Palmetto Compress Building will be up for discussion at Columbia's City council.

The building sits at the intersection of Blossom and Pulaski Street, near the University of South Carolina's Greek Village.

The City of Columbia decided to purchase the 95-year-old warehouse in April after it had been used, in recent years, as a storage warehouse.
 
In a controversial, Columbia City Council decided to allocate $7 million from a city employee health-care fun toward purchasing and improving the structure for any potential buyer.  
The Columbia Development Corporation then purchased the building.

The contract shows a sale price of $5.75 million with a deposit of $10,000.

The meeting is at 6 p.m. Tuesday at Edventure.

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