The Myrtle Beach Oceanfront Redevelopment Project is a plan to revitalize the city's oceanfront area. The project was initiated in 2019 and is being led by the Myrtle Beach Downtown Redevelopment Corporation (MBRC).
The project area includes 23 properties along Ocean Boulevard and North Kings Highway. The properties are mostly vacant or underutilized. The MBRC plans to acquire the properties and redevelop them into a mixed-use development that includes hotels, restaurants, retail shops, and residential units.
The project is expected to cost $34 million. The MBRC is seeking funding from the city, state, and federal governments. The project is also expected to generate new tax revenue for the city.
The Myrtle Beach Oceanfront Redevelopment Project is facing some challenges. The project is being delayed by the pause on oceanfront development in South Carolina. The project is also facing opposition from some residents who are concerned about the impact of the redevelopment on the character of the area.
Despite the challenges, the Myrtle Beach Oceanfront Redevelopment Project is moving forward. The MBRC is confident that the project will be completed and that it will revitalize the city's oceanfront area.
Here are some of the potential benefits of the project:
Increased tourism: The redevelopment of the oceanfront area could attract more tourists to Myrtle Beach.
Economic development: The project could create new jobs and generate new tax revenue for the city.
Improved infrastructure: The project could improve the infrastructure in the area, such as roads and sidewalks.
Increased property values: The redevelopment of the area could increase property values in the area.
However, there are also some potential drawbacks to the project:
Increased traffic: The redevelopment of the area could increase traffic congestion in the area.
Loss of historic character: The redevelopment of the area could lead to the loss of some of the historic character of the area.
Increase in crime: The redevelopment of the area could lead to an increase in crime in the area.
Overall, the Myrtle Beach Oceanfront Redevelopment Project is a complex project with both potential benefits and drawbacks. The MBRC will need to carefully weigh the pros and cons of the project before moving forward.
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