Greer officials must be pretty excited about a developer’s plan to build a hotel somewhere in the city, judging from the code name they’ve assigned – Project Kaboom.
At the moment, they’re keeping tight-lipped about the plan as they negotiate an agreement with the developer.
The only information they’ve released so far is contained in an ordinance that City Council approved at first reading on Sept. 26.
The ordinance says the developer intends to build a hotel with at least 100 rooms and invite other developers to build commercial/retail facilities on adjacent property.
The city’s contribution would include a 300-space municipal parking garage. Plans outlined in the ordinance call for the city to lease 90 parking spaces to the developer for 30 years.
City Administrator Ed Driggers said the city would borrow at least $10 million through a bond issue to build the parking garage but that no property tax increase would be required.
Neither the developer nor the proposed location for the hotel have been disclosed.
Greer Mayor Rick Danner declined to provide details, as did Reno Deaton, executive director of the Greer Development Corp., the city’s economic development organization.