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.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Deal for Jackson-Orlando flights in works with Allegiant
- Baseball stadium for Farish Street? It’s possible
- State GOP chairman calls on McDaniel to hurry with challenge
- Explosion at Coast fish plant leaves one dead, three injured
- McCarthy hired as CFO of Mississippi Development Authority
- Former Gov. Musgrove pushing lawsuit to school districts
- Guns OK inside Mississippi polling places, attorney general says
- Former state lawmaker Green dies at home at age 62
- 'Get on Up' movie premiers in Madison with Chadwick Boseman and Tate Taylor walking the red carpet
- White House hotel making comeback in Biloxi