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Council advances fee-in-lieu and incentive ordinances amid debate over subsidies to large companies
Summary
Charleston County advanced and passed multiple economic-development measures — including fee-in-lieu agreements for AVM Group (Project Clean) and Center Capital (Southrail) and authorization for special source credits — while council members and public commenters debated whether the subsidies provide net benefits over other affordable-housing tools.
Charleston County Council advanced several economic-development ordinances and approved fee-in-lieu arrangements at third reading while members debated subsidy size, company scale and affordable-housing trade-offs.
Council approved a third-reading ordinance allowing Charleston County Park and Recreation District to issue up to $70 million in general obligation bonds (8 ayes, 1 absent). The council also approved a fee-in-lieu of taxes arrangement with AVM Group LLC (Project Clean) at third reading (7 ayes, 1 nay, 1 absent) and a similar fee-in-lieu agreement for Center Capital Partners d/b/a Charleston Southrail SPV LLC (7 ayes, 1 nay, 1 absent).…
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