City of Conway Eyes Major Revitalization Project
Conway, SC, is buzzing with excitement as city officials are one step closer to initiating a significant overhaul of downtown and the riverfront area. During a meeting on Monday night, an essential proposal was discussed that aims to fund several ambitious projects, including new recreation spots, improved river access, trails, greenways, and connectivity throughout the city. But, hold onto your hats because this plan isn’t without its concerns!
A Glimpse at the Funding Mechanism
At the forefront of this debate is the concept of establishing a “tax increment financing district” (TIF). City administrator Adam Emrick participated in the meeting and explained this idea. “This is just a funding mechanism. That’s all it is. It’s providing a funding mechanism for future plans,” he stated. Essentially, the TIF doesn’t involve an outright tax increase; instead, it centers around the natural rise in property values.
As property taxes increase due to enhanced local economies and better infrastructure, a portion of that additional revenue would be captured and reinvested straight back into the downtown and riverfront revitalization efforts. Emrick emphasized the potential for great progress. “We capture the increment, we reinvest it in the district,” he cheerfully explained to the gathered crowd.
Concerns from the Community
While excitement is in the air, some residents and community stakeholders are raising their eyebrows at this hefty plan. Notably, last week, Horry County Schools, which owns land within the proposed development zone, expressed the need for more dialogue surrounding the TIF before giving a thumbs-up.
Local residents shared their concerns during the public comment portion of the meeting, particularly about the future of families living in Lee Haven Apartments. One resident voiced, “The redevelopment is a good opportunity for the city, in terms of bringing different kinds of housing and businesses to Conway. I would not like to see the redevelopment come where it would place 32 people, families, with no place to stay.”
This sentiment was echoed by Dr. Kenneth Floyd, a past president of Conway’s NAACP branch, who brought up questions about affordable housing. “If you’re going to build new affordable housing, will you give these people a chance to return at the same price?” he asked. Floyd stressed the importance of consulting with residents, stating, “It’s not about them, it’s about what the citizens want.”
City Officials Respond
In response to these valid concerns, city officials assured residents that the redevelopment would unfold over several years and wouldn’t leave current residents without viable housing options. They remain hopeful, noting that money generated from the TIF could support affordable housing initiatives in the area.
City council members are also aware of the communication gap and are eager to bridge it. They emphasized the need for transparency as misinformation tends to run rampant. To address public concerns, council members are committed to fostering a better dialogue with residents, ensuring that everyone is informed about the plan going forward.
What’s Next for Conway?
As of now, the specifics regarding when this pivotal plan will be revisited for a second and final reading remain unclear. What is evident, however, is that the city of Conway is on the cusp of something big, with a mix of excitement and concern coloring discussions around it.
The sprawling potential for the revitalization project promises to not only shape the physical landscape of the city but could also create a brighter, more inclusive future for its residents. As this story develops, the eyes of Conway residents—and beyond—remain glued to the decisions being made in the heart of their community.
