With the purchase of 3 additional properties, the City of Myrtle Beach now owns the entire square from Flagg Street west down 7th Avenue North to Highway 17 business and then back down east on 8th up to Flagg Street.
The City of Myrtle Beach has now invested $32 million in real estate downtown with no stated plans for what to do with the land.
Myrtle Beach taxpayers are now among the largest investors in the City of Myrtle Beach.
Assistant City Manager Brian Tucker went on several news outlets stating how the $32 million in purchases helped lower nuisance calls into city police.
At full staff, hiring additional police officers full time could achieve those same results at a price tag of about $2 million maximum.
AN ENTIRE SQUARE FOOTPRINT
The land purchases do provide the city with an entire blank canvas allowing the municipality to start new in this area.
Negotiations to develop the footprint in concert with the former Pavilion owner, Burroughs and Chapin, are not underway, a key City Hall employee told MyrtleBeachSC News, however.
Myrtle Beach City government says it has no idea who will partner with it on the land. Myrtle Beach also has no current ideas as to what the best use for the land might be.
The square literally begins just two blocks back from the oceanfront. The land is among the most prime real estate in the entire city.