Watkins buys courthouse, plans arts institute
Published: October 20,2011
JACKSON — The James Eastland Federal Courthouse in downtown Jackson has been tentatively sold at auction to Watkins Development for $1.45 million.
Owner David Watkins, also the lead developer of the Farish Street Entertainment District, tells The Clarion-Ledger he plans to transform the 115,000-square-foot space into a privately funded university-level arts institute.
An online auction for the courthouse began Aug. 15 and ended yesterday.
Watkins and two anonymous parties began vying for the property last week.
A spokesman for the General Services Administration says the highest bid at the close of auction will be considered for award of the sale.
The federal government reserves the right to reject any and all bids for any reason.
The courthouse has sat vacant since August, following the opening of the new federal courthouse.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Molpus closes Fund after more than $662M in commitments
- MSU reminding fans that drones are prohibited at football games
- Politics of paying for transportation: Hand wringing and a lot of talk
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- Realtors chooses Nita Wingard
- Entergy agrees to cut $35M from its new rate plan
- Researchers: Trapping, not hunting, best way to control wild hogs
- No debate, but Cochran and Childers lobby for votes for Senate
- Kemper County plant will cost at least another $496M to complete