State buys more property on Gulf island for $8M
Published: May 3,2013
MISSISSIPPI GULF COAST — The state of Mississippi has bought 217 more acres of Cat Island to set aside for public use.
About one-third of Cat Island is part of the National Park Service’s Gulf Islands National Seashore and BP purchased about one-third of the island following the 2010 oil spill from the Boddie family, which also owned the 217-acre portion the state is buying.
Secretary of State Delbert Hosemann said the purchase price is $8 million. He says $528,000 is coming from state tidelands funds, which come from casino leases, plus about $5 million in federal oil spill settlement funds and $1.2 million in Federal Coastal and Estuarine Land Conservation Program funds.
Hosemann is also using $1.3 million that had been set aside to purchase Deer Island but not needed.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- Molpus closes Fund after more than $662M in commitments
- Kemper County plant will cost at least another $496M to complete
- Cochran calls on EPA for review of Yazoo Backwater Project
- State Sen. Gandy hospitalized in South America
- Camgian launches Internet of Things product called Egburt
- After string of losses, O'Hara sees himself as Senate 'protest vote'
- Number of requests for general election absentee ballots roughly same as primary
- Former Mississippi First Lady Carroll Waller dies at 87