Nation & World

March 31, 2013 9:08 AM

Once feared, redevelopment of Myrtle Beach Air Force Base has been resounding success

The federal government’s report had an ominous sounding name – “Socioeconomic Impact Analysis Study.” Its conclusions appeared to be just as ominous: the loss of nearly 5,100 jobs; as many as 1,500 homes dumped on the resale market; a 15 percent drop in students attending local schools; unemployment rates topping 20 percent; and an economic loss topping $91 million from payrolls, taxes and other revenues as soon as South Carolina's Myrtle Beach Air Force Base shut down its operations.

Related content

Comments

Videos

More Videos

Dance helps D'Iberville boy overcome ADHD 02:17

Dance helps D'Iberville boy overcome ADHD

Terror in Brussels 02:36

Terror in Brussels

Watch baby polar bear Nora grow up fast 02:12

Watch baby polar bear Nora grow up fast

NASA animates the powerful winter storm headed for the Mid-Atlantic 00:22

NASA animates the powerful winter storm headed for the Mid-Atlantic

Vincent the cat gets very rare prosthetic legs 02:32

Vincent the cat gets very rare prosthetic legs

Calif. congressman vapes in hearing to make his point 01:29

Calif. congressman vapes in hearing to make his point

Video: How to wash your hands 01:03

Video: How to wash your hands

'Lucky' Turkey to Receive Presidential Pardon 01:08

'Lucky' Turkey to Receive Presidential Pardon

The Buzz with Buzz: the Koch brothers, money and politics 02:59

The Buzz with Buzz: the Koch brothers, money and politics

Bernie Sanders' free tuition proposal gains loudest cheer 01:47

Bernie Sanders' free tuition proposal gains loudest cheer

Nyquist trainer Doug O'Neill on Kentucky Derby draw 00:54

Nyquist trainer Doug O'Neill on Kentucky Derby draw

Share Video

Nation & World Videos