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Daily Archives: March 2, 2011

Ameristar Casinos buying back founder's shares

VICKSBURG — Ameristar Casinos Inc. is buying back approximately 26.2 million shares of its common stock from the estate of founder and former chairman and CEO Craig H. Neilsen for about $457.6 million. Neilsen died in Nov. 2006. The casino operator said that the stock included in the buyback represents about 45 percent of its outstanding stock and approximately 83 ...

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Eye Associates opens another Coast clinic

OCEAN SPRINGS — Eye Associates of the South, which has long-time clinics in Biloxi and Gulfport, has opened a third clinic in Ocean Springs. This is the medical group’s second expansion since its main clinic was destroyed in Hurricane Katrina. Dr. Rainna Bahadur, a partner in the group of four ophthalmologists and two optometrists, said the doctors have confidence in ...

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Tanner starts major road reconstruction project

JACKSON COUNTY — The Mississippi Department of Transportation (MDOT) has begun work on a comprehensive highway reconstruction project beginning at the U.S. 90 interchange of Mississippi 63 (to the north) and Highway 611 (to the south) in Jackson County. Tanner Construction Company was awarded the phase one $21-million project. Jackson County was awarded a $35-million Mississippi Development Authority (MDA) grant ...

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Entergy Mississippi petitioning PSC for rate increase

JACKSON — Entergy Mississippi has asked state regulators for an increase in rates to help recover money spent on storm damage repairs. The Clarion-Ledger reports that the company has asked the state Public Service Commission to increase the level of monthly accruals to its storm damage rider from $750,000 to $1.75 million and boost its storm reserve cap from $15 ...

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A bill that would have prevented Evans fraud

By Amy McCullough State Rep. Scott Delano, R-Biloxi, introduced House Bill 1377 this session, which he says would prevent fraudulent schemes such as the commercial real estate Ponzi scheme perpetrated by the Evans brothers. HB 1377, which didn’t make it out of committee, would require all subdivisions, whether residential or commercial, to be filed in digital format with the appropriate ...

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Swoope On MDA

JACKSON- Gray Swoope, outgoing executive director of the Mississippi Development Authority, talks with MBJ-TV about economic development and MDA’s role in it.

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Evans trial: He worked for us, but he didn't really

By Amy McCullough Attorneys for Mississippi Valley Title, the Bank of Forest and Heritage Bank gave opening statements yesterday for the long-awaited Evans trial in U.S. Bankruptcy Court for the Southern District of Mississippi. Judge Neil Olack will rule on the case. There is no jury, and proceedings will continue through Friday (March 4). The $40 million commercial rest estate ...

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MDA, MTA releases 2011 state tour guide

JACKSON — The “2011 Official Mississippi Tour Guide” is now available. Published by the Mississippi Development Authority’s Tourism Division in partnership with the Mississippi Tourism Association, the tour guide is a comprehensive handbook of Mississippi attractions, events, accommodations, restaurants, local contacts, maps, mileage charts and other travel information. Visitors in search of city travel information will find URLs to local ...

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Entergy Nuclear announces new management team

JACKSON — The retirement of a national leader in nuclear development is initiating key organizational changes within Entergy Nuclear. Randy Douet, current site vice president at Grand Gulf Nuclear Station near Port Gibson, will move to Entergy Nuclear’s headquarters in Jackson to lead Entergy’s nuclear business development function as nuclear renaissance pioneer Kenneth Hughey steps down. Mike Perito, vice president ...

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Barbour files legal brief concerning damage caps

JACKSON — The Mississippi Legislature has the right to enact caps on non-economic damages awarded in lawsuits, Gov. Haley Barbour said in a legal brief filed Monday with the Mississippi Supreme Court. The limit on lawsuit awards and other tort reform initiatives “have cleaned up Mississippi’s image as a ‘judicial hellhole’ with outrageous monetary awards,” according to a statement from ...

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