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The term 'business park' as it relates to the FILOT laws is basically 'a list of properties'. They do not have to be contiguous  or anything. It is hard to read this as anything other than the current Wyche property is going to be given new tax treatment, in order to do some sort of project.  

There is a long wait between the second reading (Nov. 4)  and the Third reading/hearing (Feb. 2).  I suspect we might  find out the details by Feb 2. 

 

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11 minutes ago, vicupstate said:

The term 'business park' as it relates to the FILOT laws is basically 'a list of properties'. They do not have to be contiguous  or anything. It is hard to read this as anything other than the current Wyche property is going to be given new tax treatment, in order to do some sort of project.  

There is a long wait between the second reading (Nov. 4)  and the Third reading/hearing (Feb. 2).  I suspect we might  find out the details by Feb 2. 

 

So there’s still a chance it’s downtown? Hope so.
 

First and second reading have already been done. Tomorrow is the third reading. Item 9b:

https://www.greenvillecounty.org/Council/_Agenda/Meetings of 2020/County Council/2020.11.17/agenda.htm

Edited by gman430
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^^ That is strange , your original link had the 3rd reading in Feb. Doing it this month is what I would expect as normal.

I don't see how it can be anything other than the Wyche property but I guess we will see in time.  With Bohemian coming online and Camperdown too, it would be ripe for a redevelopment.    

 

 

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25 minutes ago, Danmire said:

If this was to be downtown would it not by on the City of Greenville meeting rather than Greenville County?

 

I know the McClaren and the redevelopment project around the Agfa building which are both downtown involved the county doing a multi county industrial park with Anderson County so it’s not unusual. 

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  • 2 weeks later...

City of Greenville finishes with unexpected $3.2 million surplus: 

https://www.postandcourier.com/greenville/news/greenville-carries-unexpected-3-2-million-city-budget-surplus-into-uncertain-new-year/article_973589f6-2f4b-11eb-8993-d382fe10d247.html

 

Now, as 2020 nears its end, the city finds itself in better financial shape than it predicted.

In fact, it has a $3.2 million surplus. Even a surplus in the hardest-hit sector of the local economy — the hospitality industry.

The verdict in the end is that the city is in “healthy financial position,” said Ken Meadows, a partner in the Greene Finney accounting firm.

Back before summer, the city expected hospitality tax revenues could be as much as 70 percent lower than typical years, Efird said. Instead, while hospitality revenues dipped steeply in the spring, the month of September saw only a 12-percent drop-off from the previous September, he said.

The rebound is a direct result of restaurants innovating amid various incarnations of social distancing requirements, Efird said. The hospitality fund is a good indicator of broad restaurant performance because it reflects gross receipts, he said.

The audit found that the city actually increased revenues in its general fund by $4.9 million, which Efird said was devoted largely to upticks in property tax revenue and increased city fees, licenses and permits.

The higher property tax revenue was the result of construction growth. The city hasn’t raised those taxes in years.

The city saw a reduction in some expenses as a direct result of inactivity caused by the COVID shutdown. For instance, there were utilities savings as employees worked from home, and the parks and recreation department expenses were down nearly $1 million as facilities and programs were closed.

The $3.2 million surplus in the general fund is on top of the $20.5 million set aside in reserve as a matter of city policy. The state requires local governments set aside at least 16 percent.

Edited by gman430
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  • 2 weeks later...

Armada Analytics, Inc., a real estate consulting company, is expanding with new headquarters in downtown Greenville, a $1 million investment that will create 33 new jobs. 

Now located at 104 S. Main St. in Greenville, the company's new facilities will offer a place to train employees and clients across the country, Armada's press release states. 

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The U.S. Air Force announced today that it is awarding a $900 million  F-16 continental United States (CONUS) depot contract to Lockheed Martin Aueronatics and its operations facility in Greenville. 

According to the Air Force, the Lockheed Martin F-16 depot in Greenville will be the first in the United States and will provide depot level maintenance and modernization support. 

Representative William Timmons released a statement on the announcement. 

"Lockheed Martin’s Greenville site will now both produce and maintain F-16s. This 10-year contract is expected to place 15 F-16s at the site each year for substantial maintenance work, adding 50-80 new jobs in support of this program. I was proud to support Lockheed Martin’s efforts in securing this contract along with the rest of the South Carolina congressional delegation."

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An economic development announcement is planned for Thursday at NEXT on Main, according to a release from the city of Greenville.

Officials from the city, Greenville County, NEXT, the Greenville Chamber of Commerce and Furman University will be in attendance.

According to the release, the topics include a “significant investment in innovation and entrepreneurship, an update on the strategic direction for NEXT, Greenville’s entrepreneurial ecosystem, and new collaborations and partnerships.”

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4 hours ago, gman430 said:

An economic development announcement is planned for Thursday at NEXT on Main, according to a release from the city of Greenville.

Officials from the city, Greenville County, NEXT, the Greenville Chamber of Commerce and Furman University will be in attendance.

According to the release, the topics include a “significant investment in innovation and entrepreneurship, an update on the strategic direction for NEXT, Greenville’s entrepreneurial ecosystem, and new collaborations and partnerships.”

Do we have any time frame on when this is supposed to happen if it is today?

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5 hours ago, vicupstate said:

Interesting. i wonder if it is related to the Wyche property. By Thursday, I assume you mean today and not Xmas Eve?

I assume it’s today. Sounds like it at least. 

3 hours ago, GVLover said:

Do we have any time frame on when this is supposed to happen if it is today?

Not sure. This info came from the Post & Courier: 

https://www.postandcourier.com/greenville/business/aldi-opens-in-powdersville-big-next-news-coming-vc-firm-opens-hq-million-dollar-home/article_89726d2a-3e19-11eb-880b-2f70e0608025.html

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  • 4 weeks later...
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  • 1 month later...

Not sure where else to post this: 


“Cities and counties throughout South Carolina will receive nearly $1.6 billion in direct financial aid from the American Rescue Plan Act (ARPA), the Biden administration’s landmark coronavirus relief plan, after President Joe Biden signed the bill into law March 11.

As the largest county in the state, Greenville County will receive an estimated $101.5 million, while the city of Greenville will get about $19.7 million.”

Source: https://www.postandcourier.com/greenville/politics/sc-cities-counties-to-split-1-6b-in-covid-relief-greenville-governments-get-158m/article_bde4a488-82ac-11eb-bdc3-e33e006dbf3b.html

Edited by gman430
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4 hours ago, gman430 said:

Not sure where else to post this: 


“Cities and counties throughout South Carolina will receive nearly $1.6 billion in direct financial aid from the American Rescue Plan Act (ARPA), the Biden administration’s landmark coronavirus relief plan, after President Joe Biden signed the bill into law March 11.

As the largest county in the state, Greenville County will receive an estimated $101.5 million, while the city of Greenville will get about $19.7 million.”

Source: https://www.postandcourier.com/greenville/politics/sc-cities-counties-to-split-1-6b-in-covid-relief-greenville-governments-get-158m/article_bde4a488-82ac-11eb-bdc3-e33e006dbf3b.html

"Cities and counties can also use the funds to offset their own financial losses from the pandemic, including unpaid property taxes or lower hospitality and accommodations revenues from the last fiscal year.

Finally, they can also choose to spend the funds on necessary infrastructure projects such as water, sewer or broadband internet."

 

Our representative says that this money won't help our recovery at all, but if I recall correctly, lower hospitality revenues were one of the chief concerns in the city ($20mm shortfall in 2020)... Not sure how that checks out Mr Timmons.

Eager to hearing how this money gets allocated and grateful that we now have a federal government interested in helping the overall population and not just the most wealthy.

 

Edited by NewlyUpstate
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24 minutes ago, NewlyUpstate said:

"Cities and counties can also use the funds to offset their own financial losses from the pandemic, including unpaid property taxes or lower hospitality and accommodations revenues from the last fiscal year.

Finally, they can also choose to spend the funds on necessary infrastructure projects such as water, sewer or broadband internet."

 

Our representative says that this money won't help our recovery at all, but if I recall correctly, lower hospitality revenues were one of the chief concerns in the city ($20mm shortfall in 2020)... Not sure how that checks out Mr Timmons.

Eager to hearing how this money gets allocated and grateful that we now have a federal government interested in helping the overall population and not just the most wealthy.

 

We now have a federal government that's interested in shelling out billions of dollars that has everything to do with furthering their liberal agenda & pet projects...nothing to do with a pandemic.  It does not matter the national debt must be paid in the future by our great grandchildren...I imagine they won't be as grateful as you are.  I was never employed with a business or company started and operated by welfare recipients...those wicked wealthy people can be pathetic sometimes.   :shades:  

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