Home » NEWS » Council action clears way for major mall redevelopment

Council action clears way for major mall redevelopment

GAUTIER — The Gautier City Council has approved a development and reimbursement agreement that would allow plans for the Singing River Mall to proceed.

With the approval of the agreement between the city, Wal-Mart, Singing River Mall and SM Properties Gautier LLC, mall developers can now begin the design of the open-air mall.

The Sun Herald reports the mall developer will pay costs for utilities, gas lines and storm drainage up to $20 million. It will also pay for a new splash pad and town center improvements such as landscaping.

The city will reimburse the developer from the issuance of a tax-increment financing bond and will pay the bond with the new taxes generated from the project.

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>