Breakers Resort Development Incentive Voucher

At a glance

• What: Ordinance 2026-54 approves a development agreement between the city and PBB Development, LLC and provides an incentive voucher under Section 15-53 of the city code for a $65 million new oceanfront resort replacing an older hotel in the redevelopment target area (the project in Breakers Resort PUD Amendment).
• Terms: The voucher reimburses the owner 2 percent of total investment, not to exceed $2 million, and the owner has five years from issuance of the building permit to redeem it. The city may reimburse up to $2 million in fees collected over five years. The developer will spend $1.3 million to $2.0 million on required public improvements.
• Where it stands: Adopted on second reading September 22, 2026, 6 to 0 with Councilman Render out of the room.

Votes

September 8, 2026, first reading: moved by Councilman Chestnut, seconded by Councilman Lowder; 7 to 0.

September 22, 2026, second reading: moved by Councilman Chestnut, seconded by Mayor Pro Tem Conner; 6 yes, none opposed. Councilman Render stepped away from the dais during the motion and vote.

The August 25 closed session listed contract negotiations on the 21st Avenue PUD; no public action was taken that day.

Sources

• City Council workshop and meeting minutes, September 22, 2026: https://cms6.revize.com/revize/myrtlebeachsc/02.%209-22-26%20Meeting%20Minutes%20%20.pdf
• City Council workshop and meeting minutes, September 8, 2026: https://cms6.revize.com/revize/myrtlebeachsc/02.%209-8-2026%20Meeting%20Minutes%20.pdf
• City Council workshop and meeting minutes, August 25, 2026: https://cms6.revize.com/revize/myrtlebeachsc/02.%208-25-2026%20Meeting%20Minutes%20.pdf

Log

2026-09-22 - City Council

Second reading adopted, 6 to 0 (Councilman Render out of the room).

2026-09-08 - City Council

First reading approved 7 to 0.

2026-08-25 - City Council

Closed session on 21st Avenue PUD contract negotiations; no public action.