Farish developer faces obstacles
Getting OK on buildout money will not be an easy task
by Ted Carter
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.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mississippi no longer has highest unemployment rate in nation
- McDaniel cites Gunn's challenge in his attempt to overturn loss to Cochran
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Once the bane of only Southerners, kudzu is migrating north and west
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- HCC works deal with MSU Extension Service for land to expand
- SouthGroup Insurance named to 'Best Practices' study