Councilmen balk at $107M in redevelopment bonds
Published: November 21,2011
Tags: bonds, commercial development, Commercial Real Estate, community development, construction, downtown, economic development, entertainment, hospitality, municipal government, real estate, redevelopment, tourism, tous=ists, visitors
JACKSON — The Jackson Redevelopment Authority has moved a few steps closer to issuing more than $107 million in bonds for three projects downtown.
But if last week’s city council meeting is any indication, some council members are not at all happy to assist developers seeking the funds.
The Clarion-Ledger reports the city council gave the authority the preliminary go-ahead to issue bonds for the Farish Street Entertainment District and expand the JRA’s footprint downtown. It is a move that will allow the group to float bonds to finance a hotel near the Jackson Convention Complex and a proposed welcome center for the Jackson Convention and Visitors Bureau.
Mayor Harvey Johnson Jr. said the two votes were largely procedural measures.
The authority must return to the council before incurring any debt.
To sign up for Mississippi Business Daily Updates, click here.
Mississippi Economic Council
Mississippi Chambers of Commerce
Mississippi State Legislature
Mississippi Development Authority
Mississippi Economic Development Council
North Mississippi News
Social Security Disability Lawyer
Auto Accidents Lawyer
Top Posts & Pages
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- Shale oil: market correction or longterm direction?
- Miss. surgeon sentenced in tax evasion case
- MBJ exclusive: Jackson’s new airport CEO fulfills desire to taking on the top job
- WILLOUGHBY: Mayo Flynt leads AT&T Mississippi by enjoying both work and workers
- MARTIN WILLOUGHBY: Gary Herring building tomorrow by educating today
- J.McLaughlin to open in Highland Village next spring
- 'Blue Economy' important for Mississippi's future
- Hyatt-Place is Columbus’ newest hotel option