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Kimpton Hotel seeks tax credit for idled factory: Greenville City Council comment
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Kimpton Hotel seeks tax credit for idled factory: Greenville City Council comment

Here is a recap of the August 12 Greenville City Council meeting.

Review: Tax breaks for closed textile factories

The Greenville City Council discussed a redevelopment project for an abandoned textile factory during a work session on August 12.

Kimpton Hotels and Restaurants’ Vardry Residences will soon be located at 100 N. Markley St. in Greenville’s West End. The development near Fluor Field will include 26 condominiums, 133 hotel rooms and approximately 9,000 square feet of retail space.

Previously, the site was home to three abandoned textile factories with a total area of ​​more than 5,000 square feet. The Keene Development Group purchased the property in 2019.

The developer wants to have the property certified as an abandoned textile mill under the South Carolina Textile Communities Revitalization Act. The City Council will formally vote on the matter on August 26.

The law provides income tax credits equal to 25% of qualified site remediation costs. Sam Konduros, president and CEO of the Greenville City Economic Development Corporation, said total investment in the project would exceed $92 million, with $88.3 million recognized as qualified expenses.

Construction of the project is scheduled to begin in October 2024 and be completed in December 2026.

Initial approval: Financing for the purchase of a property valued at $10.7 million

The Greenville City Council approved the purchase of 36 lots in the Haynie-Sirrine neighborhood on August 12. It also initially approved $10.7 million for the land purchase, but a second reading is required for final approval. Funding sources include:

  • $6.56 million from the Capital Projects Fund
  • $3.8 million from the Parking Enterprise Fund
  • $244,790 from the Tree Fund

First Approval: Grant Funding for the Opioid Response Team

The Council unanimously passed the first reading of an ordinance to provide $630,541 to support the Opioid Response Team. The team was Founding year 2023 and is operated by the Greenville Fire Department.

Funding came from the city’s share of opioid-related litigation settlement payments received by South Carolina. The city’s request for a second year of funding was approved by the South Carolina Opioid Recovery Fund Board.

First approval: incorporation, rezoning on Wade Hampton Boulevard

The City Council has initially approved annexing and rezoning approximately 13.4 acres at 2000 Wade Hampton Blvd. The property is located between the North Main and Wade Hampton neighborhoods.

The property was rezoned to CM, Campus District, to accommodate the location of a new GREEN Charter School. The city Approval by the Planning Commission the annexation and rezoning on August 2nd.

First approval: incorporation, rezoning of Roper Mountain Road

The council approved the first reading of an ordinance to annex approximately 11.57 acres at Roper Mountain Road and Independence Boulevard. The property, owned by the Church of Jesus Christ and Latter-day Saints, will be rezoned to CV, Civic District, and RNX-B, Neighborhood Flex B District.

The property owner plans to build a new religious facility on the larger, CV-marked property. Approval by the Planning Commission the annexation and rezoning on August 2nd.

Approved: Amendment to the parking agreement with The Commons

Council approved an amended and restated parking agreement with the owners of The Commons in Unity Park. The parking agreement is effective in 2022 and allows customers of The Commons to use 102 parking spaces on city-owned land for 20 years.

The agreement was amended to allow for three renewal periods of 15 years each. The owners of The Commons must also contribute money for paving and resurfacing of the parking areas.

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