Hilton Head reports more real estate sales, redevelopment

bheffernan@islandpacket.comMarch 19, 2013 

More properties are being sold and redeveloped on Hilton Head Island, according to town financial statements.

A mid-year report of the 2012-2013 fiscal year, which began in July, shows revenue from real estate transfer fees has increased 20 percent compared to last year, and construction-permit revenue is up 28 percent, according to Susan Simmons, director of finance for the Town of Hilton Head Island. Redevelopment projects accounted for about two-thirds of the construction-permit revenue.

The financial statements will be reviewed by Town Council at 4 p.m. today.

Check back with The Island Packet and Beaufort Gazette for updates, and follow reporter Brian Heffernan at twitter.com/IPBG_Brian.

Follow reporter Brian Heffernan at twitter.com/IPBG_Brian

Related content:

Hilton Head budget calls for drops in debt, projects spending; no tax increase, May 1, 2012

The Island Packet is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service