Archive for the ‘REAL ESTATE – Market Sector’ Category

Diamondhead Casino Corporation wins site approval

DIAMONDHEAD — A 400-acre tract of land near the Bay of St. Louis just off of Interstate 10 near Diamondhead has been approved as a location for a casino. The Mississippi Gaming Commission gave site approval to Diamondhead Casino Corporation. The next time the casino will go before regulators is when financing is in place […] [...]

Judge rules for Fish and Wildlife Service in frog habitat case

NEW ORLEANS — A federal judge has ruled that U.S. Fish and Wildlife officials were within the law when they declared thousands of acres in Louisiana and Mississippi as “critical habitat” for the endangered dusky gopher frog. The case involved 1,544 acres in St. Tammany Parish and 5,000 acres in Mississippi named as critical habitat […] [...]

MBJ Special report: MDA numbers help with cities’ retail pitches

by Published: August 21,2014

Tags: Business, commercial development, Mississippi, real estate

Mississippi communities looking to land a big retailer such as Walmart or Target often give the Mississippi Development Authority a call. That is where they will get the retail sales numbers for their area broken down to nearly a dozen categories. The numbers, through “pull-factor” calculations, also give an idea of whether the buyers live […] [...]

MBJ Special Report: Cities learn value of partnering for retail

Mississippi’s mayors and county supervisor chairs relish putting on hardhats and grabbing a shovel for groundbreakings on new retail developments. But to get to that point, communities are learning they must shape partnerships with developers instead of depending on a developer’s determination to walk over hot coals in bare feet to get a project built. […] [...]

MBJ Special Report: Commercial development incentives are available — if you can find them

by Published: August 21,2014

Tags: Business, commercial development, Mississippi

Mississippi let die on July 1 any new sales tax rebates for development of large retail complexes designated as “heritage centers,” a name given for their supposed ability to draw visitors from near and far. The rebates, worth a few hundred million dollars to individual projects, went to a handful of retail developments around the […] [...]

Coast family wins $644K in tideland lawsuit against state

BAY ST. LOUIS — A family that owned a beachfront restaurant in Bay St. Louis before Hurricane Katrina has won $644,000 against the state in a lawsuit, with jurors ruling land the state took to build a new small craft harbor was not state tideland but private property. Paul Scott, a lawyer for the Murphy […] [...]

Bench trial to begin today over land for dusky gopher frog

NEW ORLEANS — A federal judge is hearing arguments on the claim that federal wildlife officials made an illegal land grab by listing 1,500 acres of private land in Louisiana as critical habitat for an endangered burrowing frog. U.S. District Judge Martin L.C. Feldman scheduled a bench trial today for the challenge to the U.S. […] [...]

Court ruling on Section 42 leaves taxpayers on hook for tax repayments

JACKSON — While some 14 Mississippi counties owe Section 42 housing developers millions in over-charged taxes, Hinds County’s taxpayers are not exposed to such refunds as the tax assessor has levied assessments according to the state law. Tax Assessor Charles Stokes said Hinds County taxpayers can rest assured his office has calculated property taxes appropriately. […] [...]

Oxford looking to develop campus-like ‘clean industry’

OXFORD — City of Oxford leaders say they hope a proposed new planning district will help the area attract high-tech companies and research firms. City Planner Andrea Correll tells The Oxford Eagle that Oxford is trying to promote “clean industry.” Correll says she is working with representatives from FNC Inc. and Oxford Enterprise to develop […] [...]

Landmark’s future under new owner is anyone’s guess

» Mystery man said to have placed winning bid for Jackson office building The new owner of Jackson’s Landmark Center is reported to be of foreign descent, though Central Business District leaders say the buyer’s plans for the vacant seven-story Capitol Street building are a mystery. The building sold at a minimum bid auction for […] [...]

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