Delays with aquarium project leave taxpayers on the hook

D’IBERVILLE — City officials expected D’Iberville’s Ocean Expo Aquarium to be built and open by now and ticket prices to cover the cost of repaying the bond to purchase the land.

Instead the city may have to make the initial $318,668 payment — due in September — out of the general fund. Unless the payments can be deferred or otherwise satisfied, D’Iberville taxpayers also will have to cover the second payment in 2014 if the aquarium isn’t built by then.

Ground was broken for the estimated $75-million attraction in December 2011.

Moby Solangi, executive director of the Institute for Marine Mammal Studies, tells The Sun Herald the site still sits vacant and the project has hit one snag after another.

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

POST A COMMENT

 

Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Still planning that summer vacation?

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

FOLLOW THE MBJ ON TWITTER

Top Posts & Pages

%d bloggers like this: