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Council approves economic incentives for $59M Parker Aiken housing project, 5–1 vote
Summary
On second reading June 22, Aiken City Council approved economic development incentives for the Parker Aiken LLC residential project (approximate $59 million investment). Incentives were capped and the ordinance passed 5–1 with Councilman Messina opposing.
The Aiken City Council voted on June 22 to approve economic development incentives for a Parker Aiken LLC residential project at Greg and Robert M. Bell, a development staff said will represent roughly $59 million in private investment.
Staff described the ordinance as authorizing incentives pursuant to city code (cited in materials as ordinance number 08132018) and noted that the incentives "would not exceed $115,000." Council took the matter on second reading and approved the ordinance by a recorded vote of five in favor and one opposed; Councilman Messina registered the lone no vote.
City staff said the project has been under discussion for several years and that the inducement is intended to support residential investment and rental housing supply in the city. The ordinance authorizes the mayor to execute an economic development inducement and incentive agreement consistent with the terms presented to council.
The council's approval follows planning-level review and reflects the council's broader effort to encourage new housing near key corridors. No additional public testimony on the incentives was recorded during the second-reading hearing.
Next steps for the project include execution of the incentive agreement and continued coordination with planning and building staff as the developer progresses through permitting and construction.
