[CPEO-MEF] REUSE: "County, Horry County Schools suing City of Myrtle Beach [SC] over air base redevelopment"

[Lenny Siegel <lsiegel@cpeo.org>]

County, Horry County Schools suing City of Myrtle Beach over air base redevelopment

BY DAVID WETZEL
Myrtle Beach Sun News (SC)
DECEMBER 22, 2018


Horry County Schools and Horry County are suing the City of Myrtle Beach and the Myrtle Beach Air Force Base Redevelopment Authority over a planned school that was never built and the funds associated with it.

The plaintiffs contend that Myrtle Beach and the authority failed to execute the deal of building a new school that was part of the plan to redevelop the military base upon its closure while instead using funds to pay off tax increment bonds and interest that accompanied them, and retaining excess tax increment funds (TIF) with the intent to use them for future projects.

The plaintiffs contend that the “1998 Plan” - the original plan formulated in 1994, when the authority was created upon the base’s closure the year before - included $20 million to build a school on the property. However, the suit claims, in November 2017 - 19 years after the redevelopment plan was made - the proposed school (Project 19) was removed from the plan.

…

For the entire article, see
https://www.myrtlebeachonline.com/news/local/article223455130.html

--

Lenny Siegel
Executive Director
Center for Public Environmental Oversight
a project of the Pacific Studies Center
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650/961-8918 
<lsiegel@cpeo.org>
http://www.cpeo.org

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