Company gets more time on stadium plan
The Atlanta company seeking to convert Capital City Stadium into a retail center has a little more time to market the Assembly Street property. City Council on Tuesday extended by up to two months the time Bright-Meyers has to update its sales contract with the city. But the development firm must add $1,000 to its earnest money, bringing the total to $26,000, a city official said. This is the third extension council has granted Bright-Meyers to amend its agreement to buy the six acres where the stadium stands on flood-prone land in the Olympia neighborhood that abuts a creek. The price is $1 million, which has not changed, said Krista Hampton, the city’s director of planning. Bright-Meyers has been seeking new tenants since December when Wal-Mart withdrew its interest in an urban store after much public outcry. Council voted Tuesday to allow city manager Teresa Wilson to continue talks with Bright-Meyers’ executive Matt Sasser on an amended purchase agreement. Wilson is to come to council in January with an updated deal, Hampton said, unless Bright-Meyers cancels the agreement with the city, or council could give Sasser another extension.
Front Street fire wasn’t arson, report concludes
MYRTLE BEACH State arson investigators weren’t able to determine the cause of the Front Street fire in Georgetown, but said it was not intentional, according to a report released by the State Law Enforcement Division Thursday. The report confirmed initial reports suggesting the fire started at Limpin’ Jane’s Old South Eatery and said chemicals used to refinish furniture may have played a role in the blaze.
Yellen nomination advances
WASHINGTON A Senate panel on Thursday advanced Janet Yellen’s nomination to lead the Federal Reserve, setting up a final vote in the full Senate after lawmakers return from a two-week Thanksgiving break. The Senate Banking Committee approved her nomination 14-8. Yellen’s path to confirmation also became easier on Thursday when the full Senate voted to change its rules for approving all presidential nominees other than Supreme Court selections. Now a simple majority will be required, instead of 60 votes. Republicans could still try to delay the final vote to focus attention on other issues. For example, S.C. Sen. Lindsey Graham has threatened to hold up nominations for government positions until survivors of last year’s deadly attack on the diplomatic post in Libya appear before Congress. Yellen was nominated by President Barack Obama in October to succeed Dillon native Ben Bernanke, whose term ends Jan. 31.
Clif LeBlanc and The Associated Press contributed.