FedEx Making $64M Investment At Former Hard Rock Park Site in Horry County

/in , , /by

FedEx is planning to make a nearly $64 million investment on property once part of Horry County’s Hard Rock Park. In return, the company will get a deduction in its property tax rate, paying on 6% of its assessed value rather than 10.5% for the next 20 years, according to an agreement made public Oct. 4 by county officials. Code-named “Project Crestfield,” it’s the shipping and distribution giant’s latest expansion into South Carolina. FedEx broke ground on a $45 million logistics facility in the Upstate city of Anderson over the summer.

To read the full story, click here.