City approves bonds for roads for shopping center
by Associated Press
Published: October 16,2013
Tags: bond, city, city government, City of D'Iberville, construction, D'Iberville City Council, finance, financing, infrastructure, road, roadbuilding, Roy Anderson Corp, tax-increment finance bond, The Galleria
D’IBERVILLE — The D’Iberville City Council approved about $17 million in tax-increment finance bonds to build roads around The Galleria shopping center.
The council approved the bonds at yesterday’s meeting.
The Sun Herald reports the city used similar bonds to finance infrastructure along Sangani Boulevard and The Promenade shopping center.
The new million-square-foot mall, restaurants and hotel will be built in one phase and provide 2,500 permanent jobs.
Roy Anderson Corp. will build the project, which will cost more than $300 million. Staging and site work are expected to begin in January and 400 to 500 construction jobs will provide a payroll of $60 million.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Omega Protein shifting vessels to Mississippi
- CARTOON — Nobile illustrates Thad Cochran's most significant advantage over the competition
- Judge denies ex-mayor's motion to vacate Katrina-related conviction
- Bankrupt Simply Wheelz chooses prevailing bidder for assets
- Wiseman retiring after nearly 30 years with Stennis Institute
- IKE TROTTER: There are primary changes in Social Security for 2014
- Real estate developer to plead guilty to wetlands violation
- PSC unanimously rejects Entergy-ITC proposed merger
- Alumni-couple donate $12.3M to Mississippi State
- Company mulling plan to build new pipeline