NORTH AUGUSTA, S.C. (WJBF)- Slowly but surely, North Augusta is moving closer towards Project Jackson.
“This is a complex project,” said city administrator Todd Glover. “It’s been that way from the start.”
But after years of planning, meetings and discussion, the proposed Ballpark Village is on the verge of realization.
“We’re down to the 11th hour now, and I think we’ve got everything pretty much wrapped up,” Glover said. “So I think we’ll be in a position to finalize everything this month.”
Fewer than a dozen people showed up to a public hearing to discuss the city’s establishment of Ballpark Village as a Municipal Improvement District, or MID, which would help ensure that the private developers meet their financial obligation to the project.
Developing the 35 acres into a ballpark and shopping center would cost about $221 million. The proposed project will be paid for with public and private funds. About $120 million would come from private developers. The MID would ensure that those developers pull their weight by fixing a value on the land to ensure a certain amount of revenue is offered to the city.
Mayor Lark Jones says it’s just a safety net.
“I would anticipate if everything went according to plan that the MID would never come into play,” he said. “It would never be activated or there would never be any MID assessments or anything like that.”
Mayor Jones says the stadium is fully designed and ready to go. By the end of this month, the city may be on track to reveal what hotel, and possibly businesses, are set to be built. If not, they expect to have it wrapped up by the end of the year.