Capital City Stadium developer puts up more money for developmen - wistv.com - Columbia, South Carolina

Capital City Stadium developer puts up more money for development

COLUMBIA, SC (WIS) -

The developer who plans to build a Kroger at the site of the Capital City Stadium on Assembly Street is putting more money into the contract covering the sale with the city.

On first reading, Columbia City Council voted this week to approve changes to the contract with developer Bright-Myers on the stadium site sale. The ordinance is expected to go before Council for a second reading at its next meeting on May 20.

According to the revised purchase agreement, Bright Myers 2001 LLC has agreed to put up an additional $200,000 in earnest money, half of which would be refunded if the deal is terminated before May 2015.

"This puts a little more risk on the developer because it requires the developer to put more money up front," said Columbia Director of Planning and Development Krista Hampton.

The contract was also changed to set a deadline of May 30, 2015 for a closing date on the deal.

Other changes include requiring Bright-Myers to apply to the Army Corps of Engineers for wetlands permitting and spend $500,000 to improve Rocky Branch Creek, which runs through the site.

If the new requirements are not met by May 2015, the contract could be terminated.

Follow WIS:    

Copyright 2014 WIS. All rights reserved.

  • South Carolina news on WIStv.comNEWSMore>>

  • 'Papa! Papa!' Audio of children stokes rage over separation

    'Papa! Papa!' Audio of children stokes rage over separation

    Tuesday, June 19 2018 1:20 AM EDT2018-06-19 05:20:32 GMT
    Wednesday, June 20 2018 1:12 AM EDT2018-06-20 05:12:47 GMT
    (U.S. Customs and Border Protection's Rio Grande Valley Sector via AP). In this photo provided by U.S. Customs and Border Protection, a U.S. Border Patrol agent watches as people who've been taken into custody related to cases of illegal entry into the...(U.S. Customs and Border Protection's Rio Grande Valley Sector via AP). In this photo provided by U.S. Customs and Border Protection, a U.S. Border Patrol agent watches as people who've been taken into custody related to cases of illegal entry into the...
    An audio recording that appears to capture the heartbreaking cries of small Spanish-speaking children being processed by U.S. officials stoked the uproar over the policy of separating immigrant children from their...More >>
    An audio recording that appears to capture the heartbreaking cries of small Spanish-speaking children being processed by U.S. officials stoked the uproar over the policy of separating immigrant children from their parents.More >>
  • Trump administration pulls US out of UN human rights council

    Trump administration pulls US out of UN human rights council

    Tuesday, June 19 2018 12:00 PM EDT2018-06-19 16:00:59 GMT
    Wednesday, June 20 2018 1:12 AM EDT2018-06-20 05:12:24 GMT
    (Salvatore Di Nolfi/Keystone via AP, File). FILE - This is a Tuesday, Nov. 8, 2008 file photo, showing a general view of the Human Rights Room (Room XX) at the European headquarters of the United Nations in Geneva, Switzerland. Diplomats say the United...(Salvatore Di Nolfi/Keystone via AP, File). FILE - This is a Tuesday, Nov. 8, 2008 file photo, showing a general view of the Human Rights Room (Room XX) at the European headquarters of the United Nations in Geneva, Switzerland. Diplomats say the United...
    The Trump administration is poised to announce its departure from the United Nations' main human rights body in its latest withdrawal from an international institution.More >>
    The Trump administration is poised to announce its departure from the United Nations' main human rights body in its latest withdrawal from an international institution.More >>
  • Twin brothers reunited 74 years after WWII death at Normandy

    Twin brothers reunited 74 years after WWII death at Normandy

    Tuesday, June 19 2018 6:00 AM EDT2018-06-19 10:00:39 GMT
    Wednesday, June 20 2018 1:12 AM EDT2018-06-20 05:12:20 GMT
    (Susan Lawrence via AP). In this undated photo, provided by family member Susan Lawrence on Wednesday, twin brothers Julius Pieper, left, and Ludwig Pieper in their U.S. Navy uniforms.(Susan Lawrence via AP). In this undated photo, provided by family member Susan Lawrence on Wednesday, twin brothers Julius Pieper, left, and Ludwig Pieper in their U.S. Navy uniforms.
    (Susan Lawrence via AP). In this undated photo, provided by family member Susan Lawrence on Wednesday, June 13, 2018, twin brothers Julius Pieper, left, and Ludwig Pieper in their U.S. Navy uniforms. For decades, he had a number for a name, Unknown X-9...(Susan Lawrence via AP). In this undated photo, provided by family member Susan Lawrence on Wednesday, June 13, 2018, twin brothers Julius Pieper, left, and Ludwig Pieper in their U.S. Navy uniforms. For decades, he had a number for a name, Unknown X-9...

    For decades, he was known only as Unknown X-9352 at a World War II American cemetery in Belgium where he was interred.

    More >>

    For decades, he was known only as Unknown X-9352 at a World War II American cemetery in Belgium where he was interred.

    More >>
Powered by Frankly