FOUR YEARS AGO, Myrtle Beach developer Burroughs & Chapin
came to town proposing a project its officers said would transform
the Midlands.
The idea was an intriguing one that we considered well worth
exploring. Burroughs & Chapin said that over 30 years, $4
billion in investments would be made in its project, named Green
Diamond, and 20,000 new jobs created. Green Diamond was projected to
generate over $2 billion in public revenues, while costs were
projected at $864 million. It was to have created around $1.1
billion in net benefits for Columbia, Richland County and Richland
District 1.
Despite its mouth-watering potential, Green Diamond was not an
instant hit. While some said it would turn the Midlands into a
high-tech mecca, others said it was a speculative land deal that
would drain public coffers and put life, limb and property in harm's
way. Ultimately, Burroughs & Chapin was not able to overcome
questions of risk and liability associated with building a large
development on flood-prone land; it is contemplating selling its
4,600 acres along the Congaree River.
Burroughs & Chapin was in some ways as much its own enemy as
the environmentalists and others who challenged the project. The
developer used its deep pockets to hire a host of consultants,
lobbyists and public relations firms in an attempt to win local
support. Some people felt Burroughs & Chapin was out to buy
favor, not present a compelling case that would get Green Diamond
approved on its merits.
Burroughs & Chapin, which often gets its way in Myrtle Beach,
had to fight to overcome its reputation as a bully and respond to
fears that Myrtle Beach-type development was on its way to the
Midlands.
The developer had hoped to do something different in the
Midlands. Its officers' idea was to use what they claimed was the
largest undeveloped piece of property near a city core along the
East Coast to develop a high-tech park that would draw
technology-based companies that would bring high-paying jobs. The
project would have included homes, shops and a golf course.
Burroughs & Chapin asked for tax breaks to pay for
infrastructure, including levees to protect the project from
flooding. But opponents, led by the Congaree Task Force, argued that
local officials were asking for disaster if they allowed development
on land where the fastest and highest waters would flow during a
major flood. They also questioned whether taxpayers should pay for
infrastructure for the private development.
While Burroughs & Chapin felt its science proved otherwise,
it never could convince the Federal Emergency Management Agency.
FEMA twice determined that the majority of the land was in the
floodway, which is the main reason Green Diamond stalled.
Green Diamond was a complex project, from the floodway debate to
discussions about annexation, a multicounty business park, fees in
lieu of taxes, special-source revenue bonds and many more
issues.
Local elected officials understandably approached it with
caution; it never got a full hearing. Some people have wrongly
suggested that local elected officials are anti-development, which
is far from the truth.
It was not anti-development attitudes or environmentalists that
did in Green Diamond, which was a wonderfully innovative idea. Green
Diamond, put as simply as possible, was proposed for the wrong
location.