The City of Myrtle Beach completed its purchase of the Midtown Motel and its related parcels for $8.2 million. The title is now docked stamped and the sale complete.
The intentions of the City of Myrtle Beach are to own the entire square block from Ocean Boulevard on 7th North to 9th North running west to Highway 17 business.
The city only needs to purchase a few more parcels to become the sole owner of that city block.
CITY OF MYRTLE BEACH MASTER PLAN?
An undeveloped, undecided master plan for the city square exists. However, the city admits it can find no private business willing to partner with it at this time.
Myrtle Beach will have between $20 million and $30 million invested in just the dirt on the square when all purchases are made.
This price does not include the costs of whatever ends up on the site.
Talks of a new Pelicans Baseball stadium continue to be held. These are only talks at this time.
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