MYRTLE BEACH, SC (WMBF) Parking revenues in Downtown Myrtle Beach have increased again this year, and now city officials are contributing that growth to more visitors in the area.
David Sebok, of the Myrtle Beach Downtown Redevelopment Corporation, says gross revenue from street parking meters increased approximately 12 to 13 percent in 2011. Last year, Myrtle Beach saw its largest income from the meters to date, collecting just over $1 million.
Sebok says a portion of that money - more than $200,000 - will likely be given to the City of Myrtle Beach for various improvement projects to the DRC area. Sebok says it's likely that net profit will go towards improving 3rd Avenue South, repainting parking lot spaces and repainting street light poles.
In the past, the money collected from Myrtle Beach's parking meters and parking lots have helped to fund the underground utility project, streetscape projects and bathrooms along Ocean Boulevard.
Officials attribute the increase to a larger number of parking spaces available for visitors, in addition to an extended parking meter season.