MYRTLE BEACH, SC (WMBF) - City leaders met Tuesday to finalize the Whispering Pines golf course agreement. In July, Myrtle Beach moved forward with Atlantic Golf Management to oversee the course.
AGM will manage the course for five years. If both parties agree, the potential for an additional five-year term may be mutually agreed upon.
When gross revenue reaches $1.1 million for the course, the city will receive 3.5 percent of the revenue.
This is in part to the hundreds of thousands of dollars the city says it has been losing.
As for the driving range, Horry County owns the land.
The county charges a $22,700 fee for a lease agreement every year.
AGM will pay those fees from the money generated from the driving range.
Full-time employees will remain city employees for six months. At the end of the six months, employees will have the opportunity to move into another city position, stay in the current position or find employment elsewhere.