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S.C. firm has purchased Frying Pan Shoals Light Tower

A South Carolina company that does dive charters and fishery research is the high bidder for a dilapidated light tower located 35 miles from the mouth of the Cape Fear River.

The Star-News of Wilmington reported Thursday that Shipwrecks Inc. bid $515,000 for the Frying Pan Shoals light tower. The tower includes 5,000 square feet of living space and has its own helipad.

Lee Spence, one of the owners, says the company plans to use the prime fishing spot for a sport fishing group, a dive charter business and probably will do fisheries and oceanographic research with two or three universities.

Spence says the company also plans to use part of the tower for a commercial diving school that will be run by the International Diving Institute in Charleston.

Copyright 2009 by The Associated Press.

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