Can Newry handle 200 rental units?
Oconee County has a memorandum of understanding with a group of developers who want to bring new life to the village of Newry with a large multi-family residential project, a café and a grocery store. On behalf of Oconee, county administrator Amanda Brock on September 25 signed the memo of understanding in which the limited liability company the May Corporation pledges to invest up to $50 million–$20 million of which is to go on the tax books. The project would contain a component of public improvement projects such as road improvements from SC 130 to the project location and the creation of a public park area at Little River Reservoir allowing for kayak and canoe access. According to the MOU, the county would agree to special source revenue bonds of up to $2.5 million for costs associated with the public improvement projects. The members of the board of Oconee Economic Alliance were told today that the developer wants to rehabilitate a historic site, believed to be the former Newry textile plant building.