Myrtle Beach Council Closer To Approving Margaritaville Resort Proposal

The agreement and proposed additions still require approval on a second reading before taking effect.

The Myrtle Beach City Council has approved the first of two readings of an ordinance.

The approval inched one step closer for a proposed $90 million Margaritaville Resort to open in Myrtle Beach. The 18-story resort would feature 296 rooms spanning over 400,000-square-feet. There could be a penthouse, ballroom, a restaurant and bar, an ocean front pool, and more.

In the proposal, the city would have to exchange alleyways with the developer and receive fair market value for others. The ordinance would allow changes to public alleyways to accommodate the development near Ocean Boulevard and 17th Avenue North.

Council added three additions to the agreement, including sharing the cost of improvements in the area. The agreement and proposed additions still require approval on a second reading before taking effect. A special meeting is planned for late November. Developers are hoping to break ground in December.