Commentary: With Union Pier, we need more math, not magical thinking

Photo credit: Charleston Post & Courier

The physical aspects of the largest ever proposed development on the Charleston peninsula (height, mass, uses) are cause for concern. The financial aspects should be as well. Here’s some of what we the residents of Charleston are hearing:

The city may be required to fund all project infrastructure upfront — actual cost and description of infrastructure to be determined later. We need numbers before moving forward.

The city may be required to funnel all new property taxes from the Union Pier project to pay off the costs of Union Pier infrastructure over the next 25-30 years, with no significant new property tax income flowing into the city’s general coffers until after then. We need analysis of what that means to other unmet city needs. We need this to be a campaign issue.

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