City mulling plan for entertainment district designation
by Associated Press
Published: June 6,2011
PHILADELPHIA — Philadelphia could become the fifth city in Mississippi to have a designated Arts and Entertainment District.
Meridian, Tupelo, Columbus and Ocean Springs have entertainment districts.
The Philadelphia Board of Aldermen has not officially decided to designate an arts and entertainment district within the city, but Mayor James Young says he can’t see many reasons not to.
City officials were briefed on the program last week.
The program allows a local government to create an entertainment district in which businesses that sell tickets can get tax breaks for new or renovated venues. The venue would depreciate in five years compared to the normal 40 years.
The participating businesses must add a $2 fee to their tickets for five years.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Hood clarifies opinion on open-carry gun law
- IKE TROTTER: There are primary changes in Social Security for 2014
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- C Spire launches next phase of 1-gig service rollout
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- Town given Obamacare insurance break, but faces additional costs in 2015
- Court to hear case involving alligators and ExxonMobil
- Officials hand mayor projects list totaling $57.7M
- Alcorn's finances being investigated; CFO resigns
- Public meeting called to mull future of convention center