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City of Myrtle Beach buys ten parcels for downtown redevelopment

“Myrtle Beach is serious about downtown redevelopment.” That was the comment yesterday morning when the Myrtle Beach City Council agreed to the purchase of 10 parcels of land east of Kings Highway, between Sixth and Eighth Avenues North. The properties were listed for sale by the owner. Included in the purchase are four older motels – the Oasis Motel at 308 Seventh Avenue North, the Fountainbleau Inn at 701 Flagg Street, the Sea Palms at 313 Seventh Avenue North and the Sea Nymph at 601 North Ocean Boulevard – along with two restaurants and several vacant lots. The Oceanfront Tax Increment Financing District, created in 2008, will pay for the $15 million purchase. No new taxes are required. Plans call for the properties to be demolished in early 2022. The accompanying graph shows the number of calls-for-service by the Myrtle Beach Police Department to just three of the motel properties. “We heard the public, and we’re willing to lead the way on redevelopment,” said Assistant City Manager Brian Tucker. “These properties are in the middle of the Downtown Master Plan. It was an opportunity too good to pass up.”