It appears that the Bluffton Development Corporation feels it is in our best interest to buy 34 acres at Buckwalter Place to protect that space from being utilized by retail and restaurant establishments (perish the thought).
We are told that negotiations are under way to lure an out-of-town company that would provide high-paying jobs.
That is all well and good, but the downside is that incentives to lure this company most likely would be in the form of tax reductions, breaks on land or lease costs, and any other perks the development corporation can think of to bring it to our area.
The upside, obviously, is the jobs that would be created.
Never miss a local story.
What I don't get is why we would give up this potential revenue when it should be apparent that if this property is allowed to develop on its own, these dreaded retail and restaurant businesses would pay taxes, rent and licensing fees. Although they may not bring as many high-paying jobs, these businesses would have to hire locals.
Retail space developed in this area is a win-win since Beaufort County and the town of Bluffton would collect taxes and fees, locals would get jobs, and the public would enjoy retail competition as well as more restaurants to choose from.
Please, Bluffton Development Corporation, be careful what you wish for.
Also, why would the Beaufort County Board of Education even consider forgoing $1.8 million in tax revenue to help fund this project? It boggles the mind.