Summerville commits part of hospitality fee for boutique hotel.

Summerville Town Council on Monday gave initial approval to spending $9.5 million over the next 20 years to fund its portion of a controversial boutique hotel and conference center planned for the historic downtown.

The move came a week after an Upstate nonprofit that is a watchdog of public spending joined a lawsuit filed by a group of residents opposed to the planned complex.

Council voted unanimously in the special meeting to approve the sale of limited obligation 20-year bonds pledging hospitality fees. The town plans to spend about 20 percent of its annual accommodations tax, or $600,000 annually, for up to 20 years to fund its portion of the $30 million project.

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Summerville Town Council approves development project

Summerville Town Council met on Wednesday, July 9th and approved a $30 million economic development project in downtown Summerville that includes a 66-room 4-story boutique hotel with rooftop terrace, a fine dining restaurant, conference center, retail shops, a parking garage and 34 condominiums.

The town advertised last fall for developers interested in partnering with the town on a mixed use development that would bring a hotel to downtown Summerville. Applegate & Co. of North Charleston responded to the ad and council voted to authorize Mayor Bill Collins to proceed with negotiations on a project.

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