Quote:
Originally Posted by Muonic
In my mind, the building of condominiums and making the pier private, was the beginning of the end.
|
Actually, those condos are the reason Pawleys Island was able to save itself. When they started building those condos, the island incorporated itself and outlowed any new businesses (the four there were three B&Bs and one soda shack and since the soda shack was destroyed during Hurricane Hugo they were not allowed to rebuld) and any multiple family properties.
A couple of years ago because of those horrible monstrosities, they enacted a law that no home can exceed 5,000 square feet.
As far as Bove goes, they went under because they never paid sales tax to the state of South Carolina. Peter Ryan is a close friend of the family as are multiple investors.
It's the exact same reason Louis went under.
As far as High Hammock went, they just pissed everyone off.
Nosh is being bankrolled by Bove's investment partner Walt Frank's partner Tom Cerasera.