Release Date: October 5, 2010
Stephen G. Riley, ICMA-CM , Town Manager, (843)341-4700, Fax: (843) 842-7728
The Town of Hilton Head Island today announced the acquisition of two parcels of land from the Fuller Family Land Trust and the Heirs of Ben Walters totaling 5.328 acres for a total expenditure of $3,500,000.00. The Town’s portion will come from the Town's 2010 Land Acquisition Bond.
Heirs of Ben Walters Parcel:
The Town will acquire a parcel of land from the Heirs of Ben Walters totaling 3.778 acres located along Squire Pope Road. The parcel is a wooded, vacant parcel with approximately 333 feet of frontage on Squire Pope Road. It is adjacent to other Town-owned land (Old Seafood Co-op Property) and has deep water access along Skull Creek. The cost will be $2,500,000.00 for the parcel of land.
Fuller Family Land Trust Parcel:
The Town will acquire a parcel of land from the Fuller Family Land Trust totaling 1.55 acres located along Squire Pope Road. The parcel is a wooded, vacant parcel with approximately 166 feet of frontage on Squire Pope Road and Skull Creek. It is adjacent to the Heirs of Ben Walters property. The cost will be $1,000,000.00 for the parcel of land.
Both parcels are zoned WMU, Water Oriented Mixed Use, which would have allowed 42,623 square feet of commercial development, generating 1,475 PM peak-hour driving trips.
Town Manager Steve Riley stated, "We are glad that we are able to take this property off the real estate market and preclude further retail development, resort uses or other high density development on the Island and Skull Creek."
Mayor Tom Peeples added, "The acquisition of these two parcels, offers the opportunity to create open space and a possible recreational facility or park with access to Skull Creek."
The Mayor went on to note that these properties are adjacent to the Town-owned Seafood co-op site and present an opportunity to expand or reconfigure plans for both a rowing and sailing center and the gathering place envisioned by the Squire Pope-Gumtree POA.
Today's acquisition pushed the program inventory to 139 parcels totaling 1,191.96 acres, with a total expenditure of $159.5 million. Taken together, these parcels have resulted in a reduction of 4.47 million square feet of commercial development, 1,365 motel rooms, 4,467 residential and timeshare units, and the preclusion of 40,394 PM peak-hour driving trips.