
Hey, itās Bill,
The Peninsula Plan open houses wrapped up this week with underground utilities. In the coming weeks, Iām going to be compiling my top 5 biggest takeaways from attending almost all of these open houses. With them endingā¦I also need to figure out what Iām going to deep dive on each week in the newsletter! So if thereās anything going on in and around the city you want to know about, just reply to this email and let me know.
Have a safe and happy Halloween!
Civic Snapshots
City of Charleston Ā· City Council
Residents demand $1 million annual pedestrian safety budget line item
Multiple speakers ā including a widower whose wife was killed at Broad and King Streets in March 2026 and the executive director of Charleston Moves ā urged council to include a recurring $1 million line item for pedestrian safety in the FY 2027 budget. The Charlestonians Demand Safe Streets petition gathered over 2,200 signatures, and 25 online comments echoed the request. Council received the input but took no formal budget vote at this meeting.
City of Charleston Ā· City Council
š STR ordinance amendment deferred to November 17; extensive written opposition and support submitted
The planned public hearing on revisions to the short-term rental ordinance was deferred to November 17, 2026, before the meeting began. Thirty-four online comments from the Cannonborough-Elliotborough Hospitality Alliance supported revisions, while other commenters raised procedural concerns ā including a claim that Clause G was added just 24 hours before the planning commission meeting ā and asked for transparency, stakeholder engagement, and protections for older historic buildings. The Old Windsor Neighborhood Association submitted a letter opposing the changes and asking to be excluded from the ordinance's scope.
Charleston County Ā· County Counci
š County transfers mitigation bank credits to City of Charleston for Lockwood Drive seawal
Council approved transferring just under 3 Point Farm Mitigation Bank credits to the City of Charleston for the Lockwood Drive knee wall project, a seawall running from the marina toward the Coast Guard station that regularly overtops during King Tide events ā including the morning of the meeting. Approximately 302 credits remain after the transfer; staff expressed comfort with the remaining balance for future projects including Transportation Sales Tax obligations. Brantley Moody supported the item but cautioned that incremental transfers could deplete the bank over time.
Charleston County School District Ā· Board of Trustees
š° Board approves Phase 5 reallocation including $3M-to-$19M scope jump at Stall High School
The board approved a Phase 5 sales tax budget reallocation that more than quadrupled the Stall High School athletic project from $3 million to $19 million due to expanded scope covering concessions, restrooms, locker rooms, fencing, security, and parking. Three separate Phase 6 six-year plan components were also approved ā capital construction waves 1ā3, capital maintenance, and technology replacements ā covering the 2029ā2034 period with priorities including removing students from mobile units, advancing pre-K for all, and building multi-purpose rooms. A new employee technology resale storefront program was announced as part of the technology plan.
City of Charleston Ā· Committee on Real Estate
šļø City approves $8M land buy for joint fire station and police team facility on Clements Ferry Road
The committee approved an $8 million purchase of 28.86 acres on Clements Ferry Road in Berkeley County, up from the originally authorized $7.5 million after one of three co-owners held out and forced renegotiation. The site will host Fire Station 22 and a CPD police team, and together with a recently closed adjacent 4-acre parcel gives the city approximately 20 acres of high ground in a rapidly developing corridor. Officials noted land inventory in the area is quickly disappearing.
City of Charleston Ā· Committee on Real Estate
šļø Committee advances $25M West Edge deal with MUSC Foundation to unlock 200-plus housing units
The committee approved an agreement for the city to gradually buy out the MUSC Foundation's interest in the West Edge Horizon TIFF properties, with a $10 million initial payment from existing West Edge funds and a $15 million balance to be paid by a private development partner under Project 3500. No general fund money or new city debt is involved, and MUSC will remain a strategic partner in the project. The item had been deferred from the prior month pending discussions between the mayor and Council Member Waring.
The Deep Dive
Taking it underground
Charleston City Council approved its proposed franchise agreement with Dominion Energy on second reading October 27, but held off on final approval to give residents another opportunity to get their questions answered. The agreement passed by voice vote, with one recusal.
That followed an October 26 special meeting focused on the proposed utility agreements and the process for burying power lines. Councilmembers questioned how much money would be available, how many projects could move through design, and how the city could obtain the property agreements that have delayed neighborhood projects.
How the funding would work
The proposed Dominion agreement would run for an initial 20 years, with a potential 10-year renewal. It covers the utilityās use of city rights-of-way and includes a 5% franchise fee on eligible electric and gas revenues.
For undergrounding and other eligible nonstandard service, Charleston and Dominion would each designate an amount equal to 0.5% of the eligible electric-service revenue used to calculate the franchise fee. The draft lists $1,286,770 from each side for 2026, or $2,573,540 combined.
During the special meeting, Dominionās representative estimated roughly $60 million for undergrounding over the initial 20-year term. His explanation used rounded annual contributions of about $1.2 million from each side, a starting five-year funding ledger, and assumptions that electric consumption and rates stayed flat.
Councilmember Mike Seekings questioned whether the projected funding would cover the amount of work needed. At the October 27 meeting, he proposed directing more franchise-fee revenue toward undergrounding, describing the increase as another half a percent. Council did not adopt that additional allocation at either meeting.
Mayor William Cogswell said the city could use more of its general-fund franchise revenue for undergrounding. He also said that additional money would not receive the same Dominion match.
The cost figures discussed were estimates
Asked what undergrounding costs, Dominionās representative said he had seen competitively bid work reach $2,500 per linear foot. He described skilled-labor competition and the cost of underground duct-bank work, particularly on the peninsula.
The following evening, Seekings said burying lines citywide could ultimately cost more than $1 billion. He qualified the figure by saying he had not done the math or checked maps that day. It was an informal estimate during the council discussion.
Easements were a central part of the discussion
Councilmember Ross Appel said the current process depends heavily on neighborhood advocates going door to door to secure voluntary property-owner agreements. He cited Wappoo Heights, saying the neighborhood had reached 100% owner sign-off, but a home sale appeared to have left one approval outstanding.
Appel proposed a more direct city role in obtaining the necessary easements. He said Charleston should approach undergrounding like other public infrastructure projects, including situations where owners do not cooperate voluntarily. Cogswell said that would be a separate internal policy issue. The special meeting did not adopt a new easement-acquisition policy.
The franchise draft would impose a six-month deadline after a project receives Dominionās draft easements to secure the necessary rights-of-way, transformer sites and other agreements. A project that misses the deadline would be removed from the priority list, and participants would have to reapply to City Council.
Council questioned the two-project design limit
The proposal limits Dominionās simultaneous planning, design, engineering and estimating work to two projects. It places no numerical cap on projects in construction, subject to available funding.
Appel asked whether smaller street projects could move through design alongside larger neighborhood conversions. Seekings used South Battery and Clifford Street to illustrate how projects of different sizes compete for the same design capacity.
Dominionās representative said the city or a private developer could pay for design separately to help a project advance. He cited a State Street development where the developer paid for design extending beyond its own frontage. Seekings questioned whether additional city-paid design would consume money otherwise available for construction.
The discussion also distinguished two projects near the Municipal Golf Course:
The Maybank Highway project was described as approved and on the list. Dominionās representative said it could move relatively quickly because the city controls the necessary land rights.
Separate lines directly serving the Municipal Golf Course had been designed and were moving toward construction. Dominion offered a tentative completion window of late 2026 or the first quarter of 2027.
That completion forecast applied to the golf-course service lines.
Property-owner costs and power bills
The draft allows underground utility districts for projects involving more than 25 existing customers. A referendum or petition is optional. After district designation and district approval of the project, the city would authorize a fee by ordinance.
The fee would apply to Dominion electric accounts in the district for up to 10 years, starting with construction. The undergrounding fee, franchise fee and other fees under Section 13 could not exceed 7% of a customerās total electricity bill.
Historic Charleston Foundationās guide also says property owners typically pay for connections to their own properties, while the city and Dominion share eligible project costs.
Councilmembers also raised concerns about rising bills and assistance for older and lower-income residents. Dominionās representative said rate-setting occurs through the state regulatory process and described separate energy-efficiency and customer-assistance programs. He offered to provide contacts for councilmembers to share with constituents.
Berkeley Electric and solar also came up
Councilmember McBride asked that future undergrounding work include Berkeley Electricās customers and Johns Island. He called for selecting locations strategically and discussed both falling branches affecting overhead lines and the difficulty of repairing damaged underground lines.
Berkeley Electricās companion agreement also passed second reading. Its posted draft does not include Dominionās undergrounding matching-fund provisions.
A Charleston Climate Coalition representative raised a separate concern about using off-site solar to power municipal facilities through a power-purchase agreement. Later, when council asked a broader question about solar, Dominionās representative said the agreement contained no prohibition. Councilmember Polkey requested follow-up with the organizations raising the issue. The exchange did not resolve the specifics of the off-site arrangement described during public comment.
Why council held the final reading
Historic Charleston Foundationās Lisa Jones acknowledged improvements in the proposed project process but asked for a shorter agreement term, more public engagement and stronger protections for the tree canopy. She also asked how the franchise agreement would fit with the cityās existing undergrounding ordinance.
Councilmember Keith Waring supported giving residents an opportunity to ask questions comparable to the October 26 council session. Cogswell said the city had already met with stakeholder groups, including HCF, and supported another opportunity for questions. Council proceeded with second reading while leaving final approval for a later meeting.
Appel also suggested reviving the underground utilities committee. Councilmembers discussed using the Sustainability Advisory Committee, where Dominion already participates. That remained a suggestion; no separate motion created a committee or formally assigned the work.
The cityās published schedule lists the next regular council meeting for November 10 at 5 p.m. The October 27 discussion did not establish a citywide burial deadline or adopt the additional funding and easement-policy changes councilmembers proposed.
Real Estate Corner
Howās The Market?
Hereās what the local real estate market is looking like. If you want to know whatās happening in your zipcode/town specifically, either reply to this email and let me know the area, or click HERE to sign up for updates, or click the graph and search by area.
Thatās A Wrap
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Until next week,
Bill Olson
Father ⢠Husband ⢠Realtor® ⢠Civic Storyteller
I am a full-time real estate agent with Real Broker, LLC. If you are an agent and want to learn more about Real, schedule a confidential call HERE

