The county council unanimously passed a resolution Thursday requesting the city to rescind the Tax Increment Financing (TIF) district that makes up the city’s historic downtown.
Both city and county officials have said a resolution was necessary and must be agreed upon by both council’s before plans to bring a 53-room, upscale boutique hotel representing a $5.6 million investment that is expected to create roughly 100 jobs to downtown Florence.
The project also would move the popular Victor’s restaurant, located on 1247 S. Irby St., to the hotel’s lobby in an area with a 180 seating capacity.
Read more at http://www2.scnow.com/news/2011/jul/21/5/florence-county-moves-forward-tif-agreement-ar-2169469/