City council approves tax incentive for new Hard Rock hotel
Published: July 25,2012
Tags: casino, city, city council, councilman, councilmen, economic development, gambling, gaming, hotel, incentive, lodging, municipal government, municipality, tax, tax break, tourism, tourist, vacation, vacationer, vacationing, visitor
BILOXI — The Biloxi City Council has authorized a seven-year tourism tax incentive for a new hotel tower at Hard Rock Casino Biloxi.
The Sun Herald reports the incentive means the hotel will pay no ad valorem tax on the improved value for the seven-year period.
The tower will be built north of the swimming pool along U.S. 90. The 12-story tower will have 140 rooms and 14 suites.
General manager Duncan McKenzie said yesterday once financing and other approvals are complete, the construction will take 14 to 16 months.
The tower will cost $32.5 million and will create 90 new jobs in the hotel, as well as 250 construction jobs during the build phase.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- David Duval, former British Open winner, joins Sanderson Farms field
- Court rules against Greenwood councilwoman; must give up office
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- Cochran continues to reach out to African American voters
- Alcorn president launches new customer service task force
- ‘Little Boogaloo’ Eden Brent happy singing the blues
- Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract
- Hole-by-hole look at Sanderson Farms Championship course at CCJ
- Senators write letter over Waters of the United States proposal