Council kills Beach Co.s’ Kiawah River TIF financing plan
After years of controversy that grew loud in recent months, the Beach Co.’s controversial plan to pay for improvements to its private Kiawah River Plantation with future public tax dollars was quashed Tuesday.
Charleston County Council voted 7-0 against moving forward with the plan for the upscale development on the southern end of Johns Island.
Councilman Vic Rawl abstained because he didn’t think another vote was necessary after the group’s Finance Committee voted unanimously against the plan last week.
Councilwoman Colleen Condon did not attend Tuesday’s meeting.
The vote confirms that the plan to form a tax-increment financing district, or TIF, is dead, at least in its current form.
The plan would have paid for improvements to the property such as roads and as sewage treatment facility with future tax revenue it would generate.
The Beach Co. could rework the plan and bring it back to council in the future.
Johns Island resident Rich Thomas suggested during the public comment session before the meeting that council ask the Beach Co. to reimburse the county for all the time staffers spent working on the TIF.
Council Chairman Teddie Pryor said the company already has paid for all the consulting services needed to determine if the TIF was viable.
Reach Diane Knich at 937-5491 or on Twitter @dianeknich.