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AG 1998 09 21
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AG 1998 09 21
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Last modified
3/25/2002 6:08:23 PM
Creation date
11/27/2017 11:52:28 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
9/21/1998
Board
Board of Commissioners
Meeting Type
Regular
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D0mmant player <br /> <br />~roadway at ~e 8eac~ ~//t~ ~' t . :~ <br /> <br /> NAS~R~ Sp~Po~" ~ea~er <br /> ~ The 21st Ave. ~ <br /> <br /> By LEAH BETH WARD <br /> Stair Writer <br /> ~'m'i.e eE~CH -- The Carolinas <br /> are ~ull of company tow'ns -- <br /> Winston-Salem and Re~nolds To- <br /> bacco, Karmapolis and Fieldcrest <br /> Cannon, Harts,,Aile, S.C., and Son- <br /> oco --but there are none quite like <br /> Myrlle Beach. <br /> Mos~ trad/tional company towns <br /> have dlversilied beyond the <br /> tr~ of their birth, but M~Je Beach <br /> is becoming ever more elosely <br /> shaped by Burroughs & Chapin <br /> Co. Inc. the land company that <br /> opened up Hony County to tour- <br /> ism. <br /> Ten years or so ago, Burroughs <br />& ChapLn v,-as mostly a land-lease <br />company content to coilecl rent <br />from hotels and other commercial <br />operators on its ~ holdings -- <br />about 27,000 ac~es -- in H0rry <br />County. <br /> But five years ago, under new <br />president and CEO Douglas Wen- <br />del, the corporate str~te~' began to <br />shi~t. Today, Burroughs & Chapin <br />is a developer of ~nusemeot and <br />entertainment complexes, malls, <br />residential and commercial build- <br />ings, upscale, ~ted communities <br />and ch~rnpionsh/p golf courses. <br /> The company doesn't release <br />s~les or profits, but V/endel s~id <br />"development activity" has in- <br />creased 40 percent in four yea~. <br /> "V~nen you're on the operational <br />side, you can control th/rigs," said <br />Wendel, who became the firs~ non- <br />family member to he~d the pri~.te <br />business when he was named <br /> <br /> The '"new" Burrough~ & Chapin <br />is pursuing its projects at a time of <br />chan~g IxHitical leadersh/p in <br />Myrtle Beach, brought about <br />parl by the slow decline ef the <br />city's downtow~ core. <br /> The former mayer was first <br />elected to City Council in 1959. <br /> <br /> '~Ve ' re just now <br />beginning to matw <br /> from a beach and <br /> seafood town to c <br /> new identity, and <br />we're all a little <br />sensitive about it. <br /> <br />DOUGLAS WT. NDEL <br />0URROUGH$ & CHAP~N <br />F~ESIDEN? AND CEO <br /> <br />dudes three new members <br />much change on any bo-: <br />takes time for dungs to <br />down," McBride said. <br />Wendel is certainly no <br />to polifi,m:. He ',vas director <br /> <br />for 10 yea.rs, a top aide to f <br />U.S. Rep. John Jeru'erte. <br />County administrator an;: <br />manager of Noah Myrtle <br />Regarding the shifting <br />Myrtle Beach, he said: <br />lng for things to congeal <br />cally/' <br /> But p<)lit/cal uncerraJm3, <br />stop.pad Burroughs & ChapLr <br />moving quickly on sever-a2 <br />projects. Last week, the cch <br />opened the nation's first <br />Speedp~k next ~o its 35~ <br />Broadway at the Beach inla: <br />tertainmem complex. <br /> <br />New mayor Mark McBride, 34, , ....................................................... <br />presides over a council that in- P~o. se seeBF..ACH//:m~ <br /> <br />¸:r/y <br /> <br />Franklin Gotham Bur- <br />foul,s and Benjamin <br />G~ens Collins start a <br />company w~th interests <br />as diverse as turl:~n- <br />tine. t~mber, farm credit, <br />consumer gco~s and <br /> <br />Burroughs & Collins <br />Co. runs the first <br />raiN~y through the <br />swamps of Horry <br />County to the <br />beaches of the <br />Grand Strand. <br /> <br />The Pavilion bath <br />house and the Sea- <br />side Inn, the first <br />oceanfront hotel, <br />open. <br /> <br />'New Town" by t~e Simeon Chapin, son of Inspired by the am- Company dona <br />sea bacomes a a wealthy Chicago met- marie wax myrtle - land for churCr <br />popular',racation chant, joins the Bur- bush, Burrouglns' beach access. <br />spot. with beach- rou~s family to create w~dow, "Mis.s lic schcols. <br />front lots selling for Myrtle ~each Farms AOdie," renames hospitals <br />$25, Co. Their comDmed New Town 'MyrtJe 320-acre <br /> land holdings dominate Beach.' Beach State <br /> the Grand Strand. <br /> <br /> <br />
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