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Council Advances 'Project Modern' Fee‑in‑Lieu Agreement Despite Calls for Company Name Disclosure
Summary
County council approved second reading of a fee‑in‑lieu of tax agreement for an anonymous prospect labeled "Project Modern" after members pressed county staff about financial terms and the identity of the project; vote was 7‑2 on second reading.
Charleston County council advanced a fee‑in‑lieu of tax (FILOT) agreement for an entity identified in county materials only as “Project Modern,” approving second reading after members questioned why the company’s identity remained confidential. The ordinance authorizes a 20‑year FILOT with a fixed millage rate and a 6% assessment ratio, county staff told council during the second‑reading debate.
Council member Matthew Kabrowski…
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