Senate committee approves transfer of Yellow Creek to state
by MBJ Staff
Published: February 7,2014
Tags: Alana Nunnelee, Bennie Thompson, Congress, economic development, eoconomic development, federal government, Gregg Harper, legislation, Mississippi Development Authoority, Mississippi Legislature, port, Roger Wicker, Senate, State of Mississippi, Stephen Palazzo, Tennessee Valley Authority, Thad Cochran, Tombigbee River Management District, transportation, Yellow Creek Port
IUKA — A U.S. Senate committee has approved legislation authored by Sen. Thad Cochran (R-Miss.) to authorize the transfer of property in Tishomingo County to help promote economic development in North Mississippi.
The Senate Environment and Public Works Committee approved S.212, a bill to approve the transfer of Yellow Creek Port properties in Iuka from the Tennessee Valley Authority (TVA), on behalf of the United States, to the state of Mississippi. The measure, which is cosponsored by Sen. Roger Wicker (R-Miss.), was approved on a voice vote and referred to the full Senate for consideration.
“The Yellow Creek Port can be an even bigger engine for job creation and economic development in North Mississippi. The transfer of this property would allow the state and the TVA to fulfill the goal of creating more jobs at this site,” Cochran said. “I am hopeful that the Senate will view this legislation favorably and approve it as soon as possible.”
The legislation is supported by the TVA, the Mississippi Development Authority, the Yellow Creek Port and the Tombigbee River Water Management District. S.212 would authorize the TVA to transfer an estimated 172 acres of the Yellow Creek Port to the state. Since signing a contract with the TVA in 1971, the state has worked with the TVA to promote commercial and manufacturing development at the Yellow Creek Port.
The Mississippi Legislature in 2011 approved a bill authorizing the state to receive the property pending a successful environmental assessment.
Companion legislation (HR.3044) has been introduced by Rep. Alan Nunnelee (R-Miss.). That measure is cosponsored by Reps. Gregg Harper (R-Miss.), Steven Palazzo (R-Miss.) and Bennie Thompson (D-Miss.).
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Senate committee approves transfer of Yellow Creek to state”
Top Posts & Pages
- DAVID DALLAS — Cannabis for the rest of us
- MARTY WISEMAN: The current racial strife and the failure to educate
- Source: Bryant has offered Glenn McCullough MDA job
- Planters Bank promotes at 3 locations
- BILL CRAWFORD: Boyce takes hot spot as IHL commissioner
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- Real Estate Forum panelists: Lenders, investors hungry for deals on residential rentals in Miss., elsewhere
- Two new casinos like the odds on Mississippi Gulf Coast