August 20, 2014
Vulcan Materials has found itself in a bidding war with the University of South Carolina over over nearly 300 acres of land near Williams-Brice Stadium.
Vulcan recently tripled the offer made by the USC Development Foundation, a private fundraising arm of the university, for the property for sale in bankruptcy court.
USC wants the flood-prone property for a short-game facility for the men’s and women’s golf programs and intramural playing fields for softball, football and soccer. Vulcan would like the land because it’s less than a mile away from a company-owned 300-acre granite mine.
Vulcan currently leads all bidding with a $3 million offer. The deadline for bids is Sept. 8.
Vulcan has said it would be willing to lease the property to USC for 15 years or so. The company wouldn’t have any immediate plans to mine the land because there nearby quarry still has an estimated 15-25 years worth of granite left to mine.