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.
Top Posts & Pages
- Half century of memories — Christmas on Deer Creek to celebrate 50th anniversary
- Prison-contract task force working in wake of Epps' indictment
- Bryant wants free tuition for students with technical diploma
- Prescott leads field for Conerly Trophy as state's best football player
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Analyst: KiOR Columbus plant may end up sold as scrap
- County to ask if it can use unspent hurricane recovery money
- BILL CRAWFORD: Bryant’s tax cut won’t stop spending growth
- UM Chancellor Jones: Lymphoma treatment going well