Council action clears way for major mall redevelopment
by Associated Press
Published: March 20,2013
Tags: city government, construction, demolition, mall, municipal, municipality, reimbursement, retail, retailer, retailing, shop, shopper, shopping
GAUTIER — The Gautier City Council has approved a development and reimbursement agreement that would allow plans for the Singing River Mall to proceed.
With the approval of the agreement between the city, Wal-Mart, Singing River Mall and SM Properties Gautier LLC, mall developers can now begin the design of the open-air mall.
The Sun Herald reports the mall developer will pay costs for utilities, gas lines and storm drainage up to $20 million. It will also pay for a new splash pad and town center improvements such as landscaping.
The city will reimburse the developer from the issuance of a tax-increment financing bond and will pay the bond with the new taxes generated from the project.
![[RSS Feed]](http://i2.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://i0.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Fervor grows for Tuscaloosa Marine Shale
- Click Boutique revives Hattiesburg downtown retail district
- LNG facility hoping to begin exporting natural gas
- Doctor's murder-for-hire case postponed, mental evaluation pending
- ACLU could sue over state's new school prayer law
- District at Eastover construction to start later this year
- Hatchery releases largemouth bass fingerlings in three rivers
- Bill exempting small farms from fuel storage regs passes Senate
- John Fletcher joins Jones Walker
POST A COMMENT