Another financial plan for proposed mall earns approval
Published: October 3,2013
Tags: city, city government, City of Hernando, Commercial Real Estate, county, county government, Darren Musselwhite, DeSoto County, DeSoto County Board of Supervisors, finance, infrastructure, municipal, municipality, plan, Poag Lifestyle Centers, poutlet mall, retail, retailer, retailing, road, shop, shopper, shopping, Simkin Group, Southaven Board of Aldermen, street, tax, tax increment, tourism, tourist, visitor
SOUTHAVEN — A new financing plan has surfaced to pay for roads, water and sewer for a proposed outlet mall to be built in Southaven.
The Commercial Appeal reports Southaven Board of Aldermen and the DeSoto County Board of Supervisors agreed last year to a $15-million tax increment financing plan to offset the costs of the public infrastructure for the mall project.
Southaven Mayor Darren Musselwhite said developers are seeking help from the state to pay for roads and other infrastructure for the mall.
He said Poag Lifestyle Centers and the Simkin Group plan to apply for sales tax incentives through the state’s tourism rebate program.
The tourism rebate, if approved, would cover as much as 30 percent of the costs incurred by the developer over a 10-year period.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- BILL CRAWFORD: Dan Jones not the angel he is portrayed to be
- JOSH MABUS: Bill Murray and business misfits
- The Dan Jones-IHL saga: Is this the story that started it all?
- Analysis: Closed meetings can feed false public impressions
- Email from Nash to Delta Council’s Morgan included in DHA court file
- Bill would use casino taxes for bridges, little for tourism
- DAVID DALLAS — From Dan and Dixie with love
- Suit against Kemper employee Brett Wingo is dismissed
- Statue depicts famous duel that originated 'Bowie knife'