South Carolina Attorneys

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Myrtle Beach budget drought
The city-financed hotel at the Myrtle Beach Convention Center ended another rough budget year March 31, losing nearly ten times more money than predicted, according to the yearly report out last week. This time officials are blaming the deficit on the added expense of switching the hotel from Radisson management to a Sheraton. Interstate Hotels & Resorts took over operating the hotel with the Sheraton brand in late September. The city is on the hook for the debt through 2036. It set aside about $580,000 for the hotel debt during this budget year, but likely will spend twice that because the hotel missed its budget so badly. City Council must again assign more money for the hotel in the imminent 2006-07 budget...

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