Archive for the ‘REAL ESTATE – Market Sector’ Category

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 […] [...]

First phase of restoration begins on Elvis’ Circle G Ranch

HORN LAKE — Phase 1 of restoration has commenced at Circle G Ranch, formerly owned by Elvis Presley. Plans include the relocation and restoration of the historic Honeymoon Cottage to the interior of the property near the horse stables, which will also be restored. An arena will be created next to the stables for horse […] [...]

Cochran: Land given to city from Trace will boost Natchez

NATCHEZ — U.S. Sen. Thad Cochran (R-Miss.) says the citizens of Natchez will benefit from the culmination of a legislative effort he started to convey surplus federal property from the Natchez Trace Parkway to the state of Mississippi. Cochran joined Natchez Mayor Butch Brown and other officials for a signing ceremony at which Natchez Trace […] [...]

City officials back off post-shooting rental price hikes

SOUTHAVEN — The city of Southaven has scaled back the rental for city-owned facilities. The city raised the rent after a shooting in July 2013 at the city’s Tennis Center. Mayor Darren Musselwhite tells The Commercial Appeal that officials decided they overreacted. He says they didn’t want to make the facilities too expensive for people […] [...]

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