Posts Tagged ‘bond’

Air service to Orlando could be on the horizon

Direct service from Jackson-Medgar Evers International Airport to Orlando could resume after Southwest Airlines’ departure  if airport officials receive a U.S. Department of Transportation grant they say they are confident of getting. The grant is the same one by which the airport gained service to New York City. The direct service to Orlando ceases with […] [...]

Vaya con Dios Southwest — last flight departed Jackson Saturday night

Southwest Airlines’ 7:05 p.m. Saturday flight to Houston’s Hobby International Airport brought to a close Jackson-Medgar Wiley Evers International’s 17-year relationship with the Dallas-based carrier.   The elimination also marks the airline’s first severing of service to a second-tier market serving a population of over 500,000 people. The only other two service closings occurred in Denver […] [...]

Two men accused of photographing Cochran’s wife released from jail

MADISON — Two men charged with conspiring to photograph U.S. Sen. Thad Cochran’s ailing wife were released from jail yesterday after a court lowered their bonds. Madison County District Attorney Michael Guest said his office agreed to reduce bonds for Clayton Kelly of Pearl and Richard Sager of Laurel after their attorneys appealed amounts set […] [...]

JMAA’s airport revenue bonds downgraded due to loss of Southwest

JACKSON — Fitch Ratings has downgraded the Jackson Municipal Airport Authority’s airport revenue bonds of approximately $39.4 million to “BBB+” from “A-.” The rating outlook remains “stable. “ The downgrade reflects concerns related to the pending loss of the airport’s second largest carrier, Southwest Airlines Co. (Southwest, Fitch rated IDR “BBB” with a stable outlook), […] [...]

State to borrow $230M for building, economic development

JACKSON — Lt. Gov. Tate Reeves says Mississippi lawmakers have agreed to borrow about $230 million for construction and economic development projects. Saturday was the deadline for House and Senate lawmakers to agree on new bonds. The full House and Senate must still pass the bills and send them to Republican Gov. Phil Bryant. Plans […] [...]

Developer accused of misusing mall bond funds

JACKSON — The Secretary of State’s Office has found Jackson developer David Watkins took funds from a mall project and diverted it to a project to build a new police station in Meridian. Yesterday, Secretary of State Delbert Hosemann announced in a news release that Watkins and his company have been order to pay restitution […] [...]

House members add more than $61m to Senate’s bill

JACKSON — Mississippi lawmakers are moving toward negotiations on state borrowing in the 2015 budget year. House members yesterday added $61.2 million before passing Senate Bill 2975. Representatives are seeking $30 million to allow the North Central Mississippi Regional Rail Authority to buy a rail line, $20 million to aid Tupelo’s Cooper Tire and Rubber […] [...]

Vote delayed on Coast baseball stadium bonds

BILOXI — Facing a possible tie vote, Biloxi’s baseball stadium was pulled off last night’s Biloxi Council agenda and will be taken up at special meeting next week. Five resolutions, including a vote on a $21-million bond to build the stadium, were removed from the agenda at the start of the meeting. Councilman Felix Gines […] [...]

Vote on baseball stadium bonds could come next week

BILOXI — The Biloxi Council is expected to vote next Tuesday whether to issue $21 million in bonds to build a minor league baseball stadium. The Sun Herald reports the council tabled a resolution this week to accept a $15-million grant from the state until next week’s meeting at 6 p.m. The council also tabled […] [...]

Fitch expects state’s bond debt to drop below $4B

JACKSON — State Treasurer Lynn Fitch told lawmakers yesterday that she expects Mississippi’s bond debt to drop back below $4 billion by the end of the current budget year, for the first time since 2011. She said that’s good because bond rating agencies want to know that the state is keeping its long-term debt under […] [...]

« Previous Page Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments