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Laffey Repair Loan Default Boots South Carolina Officials
The Patriot Point Development Authority faces a $9.2 million loan default for USS Laffey repairs, provoking scrutiny of its credibility and financial strategy. State leaders say repayment by December 1 is impossible, while officials stress broader funding needs to preserve three museum vessels at Patriots Point.
MENTIONED IN THIS ARTICLE
Columbia
South Carolina
Naval Museum
Laffey
Patriot Point Development Authority
House Ways and Means
Dan Cooper
Mac Burdette
Patriots Point
Charleston
Richard Eckstrom
Eckstrom
State Insurance Reserve Fund
U.S
Henry Brown
U.S. House
Jim Clyburn
House
Burdette
Yorktown
Clamagore
Lake Murray