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Columbia City Council approves bond authorization, encroachment and festival alcohol permit; refers hotel and student-housing tax-abatement policy to committee
Summary
Columbia City Council on Feb. 12 approved first reading of an installment-purchase bond authorization up to $54 million, granted a University of South Carolina right-of-way encroachment for Green Street improvements and authorized alcohol sales at Saint Pat’s and the 5 Points Festival.
Columbia City Council on Feb. 12 approved several measures including first reading of a bond authorization package for downtown projects, a right-of-way encroachment for the University of South Carolina and a permit allowing alcohol at St. Pat’s and 5 Points events.
The council also voted to refer a policy conversation on tax abatements for student housing and limited-service hotels to the Economic Development Committee and voted to enter executive session to discuss personnel, convention center negotiations and a development project called Project Catalyst.
The bond item advanced on first reading. The ordinance authorizes Columbia Facilities Corporation to issue up to $54,000,000 in installment-purchase revenue bonds, permits tax-exempt or taxable series, and delegates authority to the mayor, the city manager and the assistant city manager for development and finance…
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