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Committee authorizes mayor to sign five-year agreement giving Explore Charleston management of Visitor Center garage
Summary
The Committee on Real Estate approved a management operating agreement that would give Explore Charleston day-to-day management of the Visitor Center parking garage, with revenue-sharing above baseline and a May 1 start if the ordinance is adopted.
The Committee on Real Estate voted to authorize the mayor to execute a five-year management operating agreement with Explore Charleston to operate the Visitor Center parking garage.
The agreement, approved by voice vote, would set a baseline amount for annual garage revenue and provide that the next $450,000 goes to the city, with revenues above that split with the Charleston Area Convention & Visitors Bureau (CVB/CACVB). The contract term is five years, and either party may terminate the agreement for convenience; if approved by ordinance, management would begin May 1.
Why it matters: The garage is a significant revenue source and a high-traffic entry point for visitors. Committee…
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