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Council clears transfer of economic development obligations to new owner at Promenade
Summary
Council approved a second amendment to an economic development agreement that would allow the incoming owner (listed as Dunhill Greenville Dunhill, LLC) to assume responsibility for incentives tied to the Promenade; staff said the buyer requested the change and that council approval is required for transfer of incentives.
Council approved a second amendment to an economic development agreement to change the named responsible party for incentives tied to the Promenade (formerly the mall) to the incoming owner identified in the amendment as Dunhill Greenville Dunhill, LLC.
Staff said the new owners requested the change and that the proposed amendment only alters the name of the responsible party, allowing an ownership transfer while preserving the incentive structure. The council moved, seconded and the amendment passed (transcript shows 'And it passes 8 6 0', which may be a transcription error; the intent recorded as approval).
