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Council hears first reading to extend Snow Street Apartments ground lease to 2055
Summary
First reading of Ordinance 1-20-26 would extend the ground lease for Snow Street Apartments (senior affordable housing on city land) by 10 years—moving the termination date to Nov. 26, 2055—without changing property use or transferring land ownership; staff and operator representatives said extension facilitates refinancing and retains city site control.
Greer City Council reviewed the first reading of Ordinance 1‑20‑26 on Jan. 13, a proposed amendment to the existing ground lease between the City of Greer and Snow Street Holdings LLC for the property at 306 Snow Street. The ordinance would extend the lease termination date from Nov. 26, 2045 to Nov. 26, 2055.
City staff describe…
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