MYRTLE BEACH, SC (WBTW)- Myrtle Beach City Council may buy three properties in the Superblock to partner with CCU for a new performing arts center, but it’s up to the university for this project to be set in stone.

City Council approved to go forward with the sale if Coastal Carolina agrees to the deal, and funds to buy the property come through the Downtown Redevelopment Corporation.

Time is ticking for a final decision. The three buildings are under a contract until Thursday.

The total project will cost $6.6 million dollars. The city will borrow $5.1 million and use $500,000 from the amended Santee Cooper franchise agreement.

The Downtown Redevelopment Corporation will pay nearly one million dollars to buy the properties.

The city will then become the landlord and will be responsible for maintenance and repairs. The city will be guaranteed 30 performances a year as long as they don’t conflict with CCU’s uses. CCU will pay $95,000 in rent after five years.

The DRC will make it’s decision Wednesday and CCU Board of Trustees will make their decision Thursday. News 13 asked what will happen if they don’t approve it.

“The due diligence expires on the 15th, and it just expires and we go from there, and nobody owns anything at that point and we’ll just say it was no at that time,” said Lauren Clever with the DRC.

Talk of the Superblock isn’t over. Back in January of 2017, former Mayor John Rhodes announced that a new library and children’s museum will come to the Superblock area.

City leaders said property owners voluntarily gave up their property for the project, but at one point the city approved the use of eminent domain to take certain properties. The city said they never used that process.

The city partnered with Edventure for the children’s museum to come to the Superblock, but Monday they announced their new location will be at The Market Common.

City leaders said they’ve talked to the President and CEO of Edventure Lisa Hailey, and said this is a temporary location.

“We had communication with her and she still stated that she’s interested in being apart of whatever the effort may be downtown. If it is a fit for the children’s museum or Edventure, then they want to be apart of that.”

The city is still working with a downtown consultant who will give their final master plan in February 2019.