Course Correction AH: Patriots Point officials seek to tap real estate value to put finances on an even keel.

Byline: JOHN P. MCDERMOTT

PHOTOS:John Hagerty, recently appointed chairman of Patriots Point's governing board, wants to get the attraction's long-delayed development projects back on track. One undeveloped parcel is to the left of the Charleston Harbor Marina Resort hotel in the background.

Main attraction: The USS Yorktown, a World War II aircraft carrier known as the "Fighting Lady," is Patriots Point's biggest draw, and also its biggest looming expense. Resurfacing the 60-year-old ship's flight deck will cost some $8 million, twice as much as expected.

In this aerial view of the Patriots Point complex taken in January, areas where development has been planned but not begun are visible just to the left of the marina hotel (lower right) and along the waterfront above and to the right of the hotel.

The Patriots Point Naval & Maritime Museum is a floating exhibition of U.S. military history, but the recently installed chairman of its oversight board isn't dwelling on past battles. Instead, he's focusing on settling some present conflicts and refloating some projects that have run aground.

As Gov. Mark Sanford's top appointee to the Patriots Point Development Authority, Charleston attorney John B. Hagerty said his main priority is to chart a new financial course for one of the …