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
- (UPDATE) Prison won’t interrupt ex-prison chief’s retirement cash flow
- JOSH MABUS — Inbound marketing is fueled by wishful thinking
- Ex-prison boss and businessman admit to bribery scheme
- Kemper plant employee gag order continued
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- MARTIN WILLOUGHBY — Doug Dale’s self-awareness helps lift him to top of his game
- ASA postmortem: industrial recruiting is a constant cycle of death and life
- The leadership styles of President Obama
- Two new casinos like the odds on Mississippi Gulf Coast
- Nehi Bottling Company has been a Cleveland fixture for 85 years