City mulling plan for entertainment district designation
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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Alcorn president launches new customer service task force
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- David Duval, former British Open winner, joins Sanderson Farms field
- Court rules against Greenwood councilwoman; must give up office
- GreenTech holds grand opening of neighborhood electric vehicle plant
- Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract
- Cochran continues to reach out to African American voters
- Peoples Bank reports quarterly loss due to bad loans
- Senators write letter over Waters of the United States proposal