Video: South Carolina Abandoned Building Incentives at Risk of Going Away
Mark Harmon, Nexsen Pruet Government Affairs Advisor, discusses upswings and downswings in the economy and how those downswings often result in the departure or closure of businesses, and subsequently, the abandonment of buildings that housed those businesses.
To combat rising problems related to vacant structures, the South Carolina legislature in 2013 created incentives for the rehabilitation, renovation, and redevelopment of abandoned buildings, which has largely proved to be a successful venture.
But those incentives are at risk of going away absent legislative action in the upcoming session.
About Maynard Nexsen
Maynard Nexsen is a full-service law firm with more than 550 attorneys in 24 offices from coast to coast across the United States. Maynard Nexsen formed in 2023 when two successful, client-centered firms combined to form a powerful national team. Maynard Nexsen’s list of clients spans a wide range of industry sectors and includes both public and private companies.
Related Capabilities
