Bond deadline looms
Jackson council set for hotel vote Monday amid rush to sell bonds
by Ted Carter
Published: December 18,2011
A decision by Jackson City Council Monday (Dec. 19) to build a 16-floor, $96 million convention center hotel will hand Mayor Harvey Johnson a signature victory but a thumbs down from the council will give him a serious setback.
The city put the deal on a fast-track to enable proposed development partner Transcontinental Realty Investments Inc. to meet a Dec. 31 deadline for selling about $70 million in Gulf Opportunity Zone bonds. The post-Katrina recovery bond program expires at midnight on the last day of the month…
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Ridgeland property rights tussle is expected to have wide impact
- Host families prepare for Mississippi Braves’ season
- JOSH MABUS — Mississippi’s Healthcare: Not a quality problem, a marketing problem
- Mississippi takes an incentives licking, keeps on ticking
- PHIL HARDWICK: When will Mississippi change its culture?
- Investors in Northbrook complex say Ridgeland targeting its own collateral for demolition
- AWAITING ITS FATE: Gables complex may have to shrink to meet law
- Bill would open hospital meetings, expand records access
- HUNTER ARNOLD: Mississippi, Gulf Coast states focus on global business markets