![]() ![]() The agreement requires the developer to invest $20 million and make payments in lieu of taxes for 10 years, starting with $70,955 the first year (2025) and ending the 10th year at $221,760.Īfter that, the hotel owner will be responsible for paying the standard property tax rate. Hotel tax breaks: City council OKs tax breaks for Spartanburg's new Fairfield Inn and Suites hotel project John Street between the Montgomery Building and the University of South Carolina Upstate's George Dean Johnson Jr. John Street in Spartanburg.Įarlier this month, Spartanburg City Council approved tax breaks with Hawkeye Hotels for the Marriott-brand hotel, which will be built on St. Project Hawkeye is the planned 136-room Fairfield Inn and Suites hotel at St. "Many thanks to all our partners for making this possible, especially Katherine O'Neill and Carter Smith with OneSpartanburg, Inc.," Britt said.ģ new projects: 3 new development projects, $62.7M investment, 332 jobs announced in Spartanburg County He said the total continues to build on a record amount for any one year in Spartanburg County. The 98 new jobs bring the yearly announced total to 3,198 new jobs this year. $1.39 billion invested this yearīritt said the new projects bring the total investment in Spartanburg County this year to $1.39 billion. ![]() With 78 jobs between projects Wild Turkey and Chestnut, Britt estimated 20 new jobs to be created between Apple and Hawkeye bringing the total to 98 new jobs. The projects are code-named Wild Turkey, $67.9 million investment, 74 jobs Chestnut, $37 million at least four jobs Apple, $50.3 million, unknown number of jobs and Hawkeye, $20 million, unknown jobs number. The investment and job numbers are based on the fee in lieu of tax agreements between the project developers and the county.Ĭounty council approved the first of three readings required for the tax breaks to take effect. Four new economic projects totaling $175.2 million in investment and 98 jobs were announced by Spartanburg County Council Monday.
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