DRC weighs options of possible tax increase for Downtown Myrtle Beach
Sat, 03 May 2014 00:12:37 GMT —
The Myrtle Beach Downtown Redevelopment Corporation met with more than a dozen business owners Friday to discuss the possibility of a tax increase for improving areas along 16th Avenue North to 6th Avenue South.
David Sebok, the DRC director said the meeting was held to hear from business owners about what kind of improvements they want to see, if there were to be a tax increase. He says the money from the possible tax increase would be reinvested in the DRC District.
Sebok said commercial properties at six percent tax would be included in the increase. Residential owner occupied properties at four percent tax would be exempt.
Sebok said for a vacant lot that no one is living on, that property lot would be included for the possible tax increase.
Some discussed items on the project list include adding some small parking garages and extending the boardwalk south of Second Avenue Pier.
Mayur Jeram has property downtown and said he isn't sold on the idea of raising taxes. Plus, he has other improvements in mind.
"Underground power lines, sidewalk improvements, stuff of that nature," said Jeram.
Sebok said that no idea is a bad idea until proven bad. He said they're even looking at creating new attractions that would lure visitors.
"Well-done public amenities like public parks, urban parks, open space and water features. They would add value to the adjacent properties and add value to the neighborhood," said Sebok.
If the DRC favors a tax hike, Myrtle Beach City Council would have the final say.