Tag: revenue guarantee

Myrtle Beach International Airport

WestJet End Game

Horry County Council will vote on a proposal to pay the county’s approximately $570,000 bill to WestJet Tuesday night bringing an end to the WestJet guaranteed revenue saga.

The proposal, which gained approval of the Administration Committee, last week will have the county’s current set aside portion of accommodations tax money, $250,000, paid to WestJet immediately.

The Myrtle Beach Area Chamber of Commerce will pay the other $320,000 and recoup that money over the next few years from annual accommodations tax set aside funds the county receives.

Horry County Council and Its WestJet Guarantee

The vote by Horry County Council earlier this week to set aside a contingency fund of $1 million to guarantee Canadian airline WestJet from suffering losses on new passenger service to Myrtle Beach International Airport continues to be a topic of discussion by the general public.

Several times this past week I was asked the question, “What is Horry County Council thinking by guaranteeing a private business against losses?”

My first inclination was to respond that ‘Horry County Council thinking’ is an oxymoron, but I settled for ‘I don’t have the slightest idea.’