Aldermen approve plans for proposed entertainment district
Published: November 21,2011
CORINTH — The city of Corinth could become another town in Mississippi to have a designated Arts and Entertainment District.
The Daily Corinthian reports aldermen agreed last week to prepare a legal description of the district for the state to review. Aldermen hope to approve a final plan in January.
The program allows a local government to create an entertainment district in which businesses that sell tickets can get tax breaks for new or renovated venues. The venue would depreciate in five years compared to the normal 40 years.
The participating businesses must add a $2 fee to their tickets for five years.
Tourism director Kristy White said two separate areas are proposed to become entertainment districts — one, generally the historic business, and the other some open property in the Crossroads Arena area.
White said the arena and downtown areas would likely have two different types of marketing plans.
“We have a lot of visitors who want to walk around downtown at night,” she said. “They actually want to stay downtown. There are some opportunities in that area to revitalize some of the buildings.”
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Peavey's wellness program honored after workers drop 1,000 pounds
- Mississippi Film Studios signs contract with New Orleans company
- Pickering lists concerns over Mississippi Adequate Education Program formula
- Watkins says JRA out to block him from Farish by repaying HUD $1.5M
- Mars Food expanding Delta plant; investing $31M and adding jobs
- Group, lesbian couples look to overturn state's ban on same-sex marriages
- State renews battle over water use with city of Memphis
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- Biloxi baseball project still alive but may be held for 2015