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Latest Greenwood Council Eyes Tax Credit Status for Old JCPenney
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GREENWOOD, SC · LAKELANDS EDITION · SUNDAY, NOVEMBER 15, 2026
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Greenwood Council Eyes Tax Credit Status for Old JCPenney

Published November 15, 2026 at 5:38 am | By Mathew R. Mercado, Staff Reporter

Shopping cart at a store

GREENWOOD, S.C. — The empty JCPenney anchor at Greenwood Mall could move a step closer to a second life Monday, Nov. 16, when Greenwood City Council considers a resolution certifying the building as an abandoned building site under South Carolina’s Abandoned Buildings Revitalization Act.

The resolution covers the former department store at 420 SC-72 NW, which sits on part of a larger Greenwood County tax map parcel. JCPenney left the mall in July 2019, ending a run at that spot that began when the mall opened in 1979. The retailer’s Greenwood history went back to 1925.

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State law sets a high bar for the label. To count as abandoned, at least 66% of a building must have been empty or out of use for five straight years before an owner or developer files a notice of intent to rehabilitate it. A project that qualifies can earn a tax credit equal to 25% of the rehabilitation money actually spent, as long as the final cost lands between 80% and 125% of the estimate in that notice. The program runs through Dec. 31, 2035.

The certification is not a redevelopment plan. The agenda does not name a buyer, tenant or developer for the space.

The JCPenney item is one of several money matters before council. Members are also set to take a first vote on the ordinance that levies city taxes and adopts the budgets, and to consider changing firefighters’ shift schedule and putting a pay and classification study into effect, both effective Jan. 1, 2027.

The meeting opens with oaths of office for Mayor Brandon A. Smith and three ward councilors and the selection of a mayor pro tempore. It starts at 5:30 p.m. in Room 207 of the Municipal Building, 520 Monument St.

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Section: More Greenwood SC business news

Greenwood business profiles

Filed under: Greenwood SC Business News

What's Happening
What is council deciding?
Whether to certify the former JCPenney building at Greenwood Mall as an abandoned building site under state law.
Why does it matter?
Qualifying rehab projects can earn a state tax credit worth 25% of what is actually spent fixing up a long-empty building.
When and where?
Monday, Nov. 16, at 5:30 p.m. in Room 207 of the Municipal Building, 520 Monument St.
Mathew R. Mercado
HERE Greenwood · BUSINESS

Mathew is a staff reporter for HERE Greenwood covering local news, community stories, and developments across Greenwood County. Mathew is committed to accurate, community-first journalism.

Contact Mathew
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