Tag: Covation LLC

Project Blue Dies – RIP

Myrtle Beach Regional Economic Development Corporation president Brad Lofton announced to county council Tuesday night that the agency was discontinuing work on the infamous Project Blue.

This is the same project that Lofton called “Horry County’s Boeing” several months ago.

When the project was first announced back in June, council was notified it was on a fast track with a drop dead date to open by December 31, 2012.

Even though details of the project were sketchy to council and non-existent to the public for the first few months, the project seemed to be moving forward.

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Revelations Rock(er) Project Blue

New revelations this week about Covation LLC COO David Rocker’s criminal past brought further questions to the viability of the Myrtle Beach Regional Economic Development Corporation’s now infamous Project Blue.

Among other revelations, Rocker failed to file income tax returns for 14 consecutive years while participating in a Klein conspiracy to interfere with the lawful government functions of the IRS.

This new information comes to light as the EDC is lobbying for third reading approval, by county council, of an ordinance that would approve the issuance of $8 million in county general obligation debt as part of an estimated overall $24 million incentive package.

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