The following Perspective is an expression of opinion by the Editorial Board at WIS, and presented by General Manager Donut Todd.
When Greenville developer Bob Hughes got the nod to purchase and develop the Bull Street project, the Columbia City Council wisely created a commission of business leaders to advise in planning and safeguard the public interest for this redevelopment. That commission held their first of many meetings this week and will reconvene in January to conduct reviews every other month on issues of preservation, neighborhood integration, and how nearly $50 million dollars of taxpayer monies will be spent on infrastructure related to the project.
The purchase of this property is considered to be the largest regional land grab in recent history, but this is not merely a Columbia project. With a proposed regional economic impact of over $1 billion a year, it will rival Fort Jackson's $2 billion a year impact while generating property tax on that revenue. The significance of the bull street redevelopment is not lost on anyone, and it can be a real game changer for the midlands. But the work of the commission will be critical to insuring that our community interests and taxpayer dollars are well-served in the coming months and years. We will watch closely as the commission board members guide this development and represent the community concerns to the Columbia City Council.
That's my Perspective. Let me hear from you. Write to Perspective at PO Box 367, Columbia, SC 29202, or send an email.
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