Myrtle Beach’s new long-term rental regulations face a legal challenge from a condominium company that alleges the city’s policy will cost the firm millions in profit. MBSC Property South LLC has accused the city of causing them more than $10 million in damages. They also say the company will lose over $6 million in projected profit since the city enacted its moratorium and ban on where hotel rooms can be converted into long-term rentals. Read the article…………………………….
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