Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Abandoned Building topic
No spam. Unsubscribe anytime.
Council certifies abandoned 505 North Main site to qualify redevelopment project for tax credits
Summary
The council adopted a certification under South Carolina law for 505 North Main (applicant NPX505), clearing the way for a major private redevelopment estimated at $17.75 million and a 40,000 sq ft renovation that staff said has no fiscal impact on the city.
Greenville City Council approved a resolution certifying an abandoned building/site at 505 North Main Street under South Carolina statutory parameters so the applicant (identified in staff materials as NPX505) may pursue corporate income tax credits for redevelopment.
City staff described the property—also referred to informally as the "Baby Bilo Shopping Village"—as more than 90% vacant for over five years and outlined a proposed major renovation covering roughly 40,000 square feet with an anticipated capital investment of about $17,750,000. Staff recommended certification and stated there would be no fiscal impact on the city from the certification itself.
Council members framed the decision as supporting neighborhood preservation and revitalization; one council member recounted prior higher-rise proposals for the site and said the current plan better serves surrounding neighborhoods. The resolution passed following a motion and second.
