City Council approves incentives for historic preservation
Move could encourage redevelopment of city's historic properties
At their meeting on Monday, Spartanburg City Council approved 6-0 (Mayor Junie White was absent due to illness) a measure allowing owners of historically significant properties to avoid the tax increase that normally comes after a renovation. Council would approve any such agreements on a case-by-case basis, setting the length of each agreement.
Also at last night's meeting, Council unanimously ratified the sale of property housing the One Morgan Square building to Johnson Development Corporation for $329,288. One Morgan Square was formerly the home of Extended Stay America, and currently serves as the home of Johnson Development Associates, American Credit Acceptance, Pure Barre, and OTO Development.
For more information on last night's Council meeting, see the full video below as well as a roundup of our live tweets.