Farish developer faces obstacles

Getting OK on buildout money will not be an easy task

by

Published: November 20,2011

Developers of the Farish Street Entertainment District have changed their leasing strategy to include paying for the buildouts of the clubs and shops they have restored along the first block of the former business and nightlife hub of Jackson’s African-American community.

Watkins Development, which has a 45-year lease with the Jackson Redevelopment Authority for two blocks of Farish Street, expects that doing the tenant buildouts will get the project completed sooner. But the development company must clear a pair of major hurdles — gaining Jackson City Council and Jackson Redevelopment Authority approval of $8 million in Urban Renewal Bonds.

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