Home » NEWS » Economic Development » Developer defends sealing Renaissance documents

Developer defends sealing Renaissance documents

RIDGELAND — The Madison County developer who was granted a protective order last week barring the release of public records relating to Renaissance at Colony Park in Ridgeland said he feels the order is in the best interest of economic development.

Andrew Mattiace, developer of Renaissance phases I and II and the proposed phase III, said he sought the order to protect the privacy of economic development prospects.

The Clarion-Ledger reports the protective order sealed all documents relating to the development’s deal with the state for a sales tax rebate program administered by the Mississippi Development Authority.

The incentive program would provide Mattiace up to $29.6 million in sales tax rebates, reimbursing up to 30 percent of his estimated capital costs of $98 million for the Renaissance III project.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Associated Press

Leave a Reply

Your email address will not be published.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

*