Columbia, SC (WLTX) -- The Columbia City Council will hold a second reading today to decide the fate of the old Bull Street mental health property.
The Columbia Chamber of Commerce held a press conference Monday, citing a study which said the project would bring over 11,000 permanent private sector jobs, new revenue for the city through taxable land and a $20 billion overall economic impact over each year of the projects implementation.
"We think it's a good investment for the city of Columbia," said Greater Columbia Chamber of Commerce President and CEO Ike McLeese.
The project, as planned, would require a $31.25 million investment from the City of Columbia.
"What's the effect going to be on city finances? Where's the city finance director to address that? What's the effect going to be on roads and traffic?" asked Columbia lawyer Toby Ward, familiar with the plans.
He believed there was a lack of oversight on the city's behalf.
"I think everybody wants to understand what the agreement is all about," said Columbia Councilman Moe Baddourah. "Two-and-ahalf years waiting for this development to come up and in two weeks, we need to sign the dotted line. It's a little bit fast forward for me."
If the plans pass a second vote at the Tuesday public reading, they will become final.