Myrtle Beach's Downtown Redevelopment corporation board unanimously passed the proposal at Wednesday's meeting, which means the next step is to take the plan for a municipal improvement district to the city. Under the plan, the $12 million for the boardwalk, proposed to stretch from First Avenue North to 14th Avenue North, could be paid for one of five ways. Each option requires all business owners within the city to pay more in property taxes.
The corporation has divided the city into four zones: Zone 1 is from Sixth Avenue South to 16th Avenue North, from Kings Highway to the ocean. Zone 2 is from William Street (formerly 23rd Avenue South) to Sixth Avenue South, from Kings Highway to the ocean. Zone 3 is from the front gate of the former Air Force Base to William Street, from Kings Highway to the ocean. Zone 4 is the rest of the city.
Owner-occupied residences would be exempt from the MID.
