- October 12th, 2007, 4:01 pm
#118053
The Coastal Educational Foundation decided in a meeting this morning to terminate a lease with the developers of a proposed arena, Coastal Carolina Arena LLC.http://www.myrtlebeachonline.com/111/story/216239.html
The foundation, a nonprofit that supports Coastal Carolina University and owns the land on which the arena was to be built, voted to terminate the lease in part because of developers' failure to meet certain lease requirements, which put them in default, according to a three-page motion the foundation's board of directors approved.


- By LU Armchair coach