City approves bonds for roads for shopping center
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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- R.J. Allen ranked as fastest-growing company in Mississippi
- Senate election ballot approved as McDaniel's challenge continues
- Tragedy for Jackson Prep: Football player Walker Wilbanks dies
- Officials set hunting dates for birds; expands dove season by 20 days
- Judge moves McDaniel's lawsuit challenging loss to Cochran
- DAVID DALLAS — Mississippi needs one university
- TECH 21 — Mississippi's most wanted in technology
- Inspectors find 'hot work' was cause of fatal explosion at fish plant
- Ground broken for new Hattiesburg Clinic facility