Myrtle Beach, SC - MYRTLE BEACH, SC (WMBF) - The company at the forefront of a major terminal expansion project at Myrtle Beach International has announced construction costs have been cut by nearly $12 million.
The good news was shared with area leaders at a Tuesday evening Horry County Council meeting in Conway. A representative from M.B. Kahn, the company spearheading the expansion, says they'll need just $10 million to renovate Harrelson Boulevard and another $117 million to complete the actual terminal expansion.
The terminal expansion portion of the project was originally slated to cost just under $130 million.
Grand Strand leaders hope to have individual contractor bids in their hands and grants finalized by October. Officials are aiming to announce and award bids to contractors by December, in addition to breaking ground on the terminal construction.
"All of the contractors that have been sitting out there waiting on this project to get started, it's time to start sharpening your pencils," said Rick Ott of M.B. Kahn. "This project will create high paying jobs in the community for the next three years."
More than 100 local contractors are hoping to lend a helping hand in the project, creating an estimated 400 new jobs in the Grand Strand job market.
The new commercial terminal will house five additional gates, which would bring Myrtle Beach International's gate total to 12. With more available space, airport officials hope they can attract new airlines and businesses to the Grand Strand.
Grand Strand leaders are expected to gather on May 17 at 10 a.m. at Myrtle Beach International for an official ground breaking ceremony.