Convention district expansion proposal gets OK

Enlarged footprint extends east to Pearl River and South to U.S. 80, taking in portions of the long-planned $1B Two Lakes project

The dormant Two Lakes project and other downtown Jackson revitalization efforts could get a boost from a plan to expand the footprint of the Urban Renewal District created for the Jackson Convention complex and a planned convention headquarters hotel.

Projects built within the renewal district could be eligible for city-backed Urban Renewal Bonds, officials say.

Council members last Tuesday voted 4-2 to proceed with the district expansion over objections it would move the city closer to cementing a partnership deal with prospective developer Transcontinental Investors, or TCI, of Dallas. TCI and the city are seeking $96 million in Urban Renewal Bonds, for which each would be responsible for half.

>>>SEE FULL STORY<<<

To sign up for Mississippi Business Daily Updates, click here.