Author Archive

Rethinking Farish Street — Mayor, Jackson city council want to take over redevelopment effort

Jackson’s mayor and City Council say they want to begin calling the shots on redeveloping downtown’s Farish Street. Voicing frustration last week with the years of starts, stops and legal entanglements that have marked the Jackson Redevelopment Authority’s handling of the now-dead redevelopment, Mayor Tony Yarber and the council say they want the entire project […] [...]

Investors in Northbrook complex say Ridgeland targeting its own collateral for demolition

Investors who bought $7.9 million in bonds the City of Ridgeland issued to fix up the Northbrook apartment complex say they face the prospect Ridgeland will force demolition of the very buildings the City used to secure the debt. The investors, CAP IV Ridgeland LLC, hope a pledge they say the City made not to […] [...]

AWAITING ITS FATE: Gables complex may have to shrink to meet law

Having lost in a bid for a reprieve from Ridgeland city officials, The Gables apartment complex has started the new year with the prospect of having to demolish a number of units in order to meet new building density limits. A zoning law adopted last February designates apartment complexes with over 10 units an acre […] [...]

Ridgeland property rights tussle is expected to have wide impact

Four lawsuits challenging Ridgeland’s new multi-family zoning law are expected to have far-reaching implications for property rights and growth management in Mississippi. All of the suits – three federal and one state — allege unconstitutional infringements on property rights. Violations of the federal Fair Housing Act are alleged in one of the complaints while others […] [...]

Treasurer Fitch reports State credit on ‘positive trend’

by Published: January 22,2015

Tags: Business, credit, Lynn Fitch, Mississippi, NEWS

A State of Mississippi bond issue set to close in mid February will raise the state’s bond debt to $4.17 billion, Treasurer Lynn Fitch told legislators last week. Mississippi ended 2014 with bond debt of $3.9 billion. Fitch said the State’s credit is on a “positive trend” she attributed to “disciplined spending on the part […] [...]

Fitch awards solid AA to IHL borrowing

by Published: January 22,2015

Tags: Business, education, Fitch Rating Service, IHL, Mississippi, NEWS

The candidate selected to replace the departing Hank Bounds as Mississippi’s commissioner of higher education will inherit a sound and stable borrower profile for the State Institutions of Higher Learning. In a Jan. 13 ratings report, Fitch Ratings Service maintained the AA rating on a new issuance of revenue bonds the IHL expects to sell […] [...]

Senate transportation chair seeks emergency money for roads, bridges

by Published: January 22,2015

Tags: Business, Mississippi, NEWS, transportation

In a move he acknowledges is a long-shot, the chairman of the Senate Highways and Transportation Committee is asking legislators to approve $300 million for timely repairs on state highways and bridges and an additional $100 million for locally maintained roads and bridges. Sen. Willie Simmons, a Cleveland Democrat, wants the money to be part […] [...]

Race to the pump: Feds appear ready to beat state on new gas taxes

The chairman of the Senate Transportation Committee says it seems Congress is about to pre-empt Mississippi’s  opportunity to take advantage of plummeting gasoline prices by enacting new motor fuels taxes. While Mississippi legislators wait for a late 2015 completion of a private-sector study on state transportation infrastructure needs and how to pay for them, Congress […] [...]

Critics say Pearl out to eliminate mobile homes and apartments – not safeguard them

Pearl is taking dramatic — and some say unprecedented and unconstitutional – steps to rid the city of manufactured homes and to downsize existing apartment complexes. October brought requirements that manufactured home parks and rental complexes build community storm shelters able to accommodate all residents and withstand the force of a F-2 tornado. In addition, […] [...]

Challenging times ahead for Pearl’s manufactured home residents, apartment complex owners

A proclamation from Gov. Phil Bryant declaring October “Manufactured Home Month” noted the factory-built dwellings provide housing for 507,000 Mississippians. But there could soon be manufactured housing for far fewer people in Pearl, a Rankin County city of about 25,000 residents. Public safety and a desire to keep non-conforming land uses from “going on forever” […] [...]

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