The owner of a large industrial site on the Georgia coast said Thursday that it has ended a long-standing agreement to sell the property to a county government whose officials worked for years on a plan to build a launch pad for commercial rockets there.

Opponents who fear the proposed Spaceport Camden would pose serious safety and environmental risks hailed the development as a potential deal breaker for the project, which Camden County officials have spent a decade and more than $10 million pursuing.

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