A Review of the Charleston Naval Complex Redevelopment Authority's 1999 Lawsuit Settlement With Braswell Services Group
March 2000
We reviewed a December 1999 lawsuit settlement in which the Charleston Naval Complex Redevelopment Authority (RDA) agreed to pay $4 million to a ship repair company called Braswell Services Group, Inc.
Since 1994, the RDA has been responsible for redeveloping property at the former Charleston Naval Base, which was closed in 1996. Because the Navy still owns the base, the RDA enters into master leases with the Navy and then subleases the properties to other organizations. One of the primary goals of the RDA is to replace the jobs lost by the closing of the base.