Study: Would $30M Arts Center Affect Hilton Head Home Values?


home-prices-riseA study to determine what effect a $30 million arts center would have on Hilton Head Island property values is up for consideration today by Town Council.

The study, which is scheduled for a vote at the council meeting that begins at 4 p.m. at Town Hall, would cost $35,000 and be conducted by researchers from the University of South Carolina Beaufort and Clemson University.

Town Council has put a new arts center at the top of its list of projects for a proposed 1 percent sales tax being considered by Beaufort County to go before voters in November. Council is also scheduled today to form the Venue Committee, which would have nine to 12 members and be made up of representatives from various arts, cultural and historical groups and real estate, financial and hospitality industries.

Members should be “familiar with the future wave of arts and culture as desired by the younger generations,” according to a town memo. The committee would recommend the types of venues and programs needed for the arts, as well as determine the costs and to what extent town government and other entities should finance it, the memo says.


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