FAA looking into Boeing land purchase in Charleston

CHARLESTON, S.C. — The Federal Aviation Administration is concerned about the sale of airport property near Charleston International Airport to Boeing, the local aviation authority has been warned. The land is near where the aerospace giant has its 787 aircraft assembly plant.

The Post and Courier of Charleston reported that authority attorney Arnold Goodstein told the authority board on Tuesday that the FAA is “asking a lot of questions” about the sale of the 320 acres of land.

Authority Chairman Andy Savage said the federal agency has concerns about the $12.5 million price for the land and is concerned the deal could affect the airport’s overall operations.

The FAA must approve the sale. Boeing South Carolina spokeswoman Candy Eslinger would not talk about the case.

Goodstein, airport officials and Boeing representatives met with FAA representatives in Washington this week to move the deal along. Savage said aviation authority officials made it clear that while it didn’t get the deal it wanted on the land purchase, the authority stands behind Boeing.

The aviation authority voted in March to sell the land, splitting the difference between a set of appraisals conducted by both parties.

The FAA is looking at the authority’s initial appraisal of $27.6 million, Savage said. But that figure appraised the land as if it were ready for development and didn’t include the costs of filling numerous wetlands and removing a radar site.

Boeing has not said specifically what it plans for the site.

The company announced in April that it will add at least 2,000 jobs during the next seven years. It already employs 6,000 workers who assemble the 787 Dreamliner jet.

More in Herald Business Journal

Why real estate investors are watching self-driving cars closely

With decisions on real estate made years in advance, could self-driving cars change how we live?

More than 60 Boeing 737s per month: Can suppliers keep up?

There was lots of talk this week about the prudence and pressures of soaring production rates.

Developer proposes an 18-story building in Lynnwood

It would be the second-tallest in the county and include apartments with retail space.

Even as stock markets shook, many investors held steady

Older investors were buying stocks, but at a lower rate than their younger counterparts.

Snohomish County business licenses

PLEASE NOTE: Business license information is obtained monthly from the Washington Secretary… Continue reading

New Everett mayor speaks out about business in city, region

Q&A: Cassie Franklin on what can be done to get Boeing to build the 797 here and attract new industries.

Aerospace analyst explains how he’ll help state’s Boeing bid

Richard Aboulafia will deliver a report on Washington’s strengths and weaknesses in landing the 797.

Air passenger traffic growing faster than airplane capacity

“Our customers are in a good place,” a Boeing marketing executive says of the airlines.

Load up: Cheesecake Factory plans Lynnwood location

The chain restaurant is listed as a tenant in new development at Alderwood mall.