Developers, SC Capital See Hotel Contract Row Revived

Law360, New York (December 1, 2011, 5:00 PM EST) -- A South Carolina appeals court on Wednesday found that Columbia, S.C.'s memorandum of understanding with a group of developers for a hotel near the city's convention center should be counted as a contract, reversing a lower court's ruling.

Developers Garfield Traub Development and Gary Realty Co. and architect Stevens & Wilkinson brought claims for breach of contract in 2004 when the city gave the contract to Windsor/Aughtry Co. Inc. after the group had put more than $1.2 million into the project.

The appeals court found that...
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