Posts Tagged ‘bond’

Madison County voters could be asked to approve yet more bonds

CANTON — Madison County Superintendent Ronnie McGehee says the school system will likely ask voters to approve another bond issue within the next three years. McGehee tells the Madison County Journal by 2016, the need for another middle school, a separate 9th-grade building at Germantown High School or both will justify the cost. Germantown High […] [...]

Fitch downgrades Baptist’s bond rating

JACKSON — Fitch Ratings has downgraded approximately $97.1 million Mississippi Hospital Equipment and Facilities Authority revenue bonds, series 2007A, issued on behalf of Mississippi Baptist Health System (MBHS) to from “BBB+” to “BBB”. The rating outlook is “stable”. Fitch wrote: The rating downgrade reflects MBHS’s profitability deterioration in fiscal year (FY) 2013 and through the […] [...]

City council approves bonds for crumbling water, sewer system

GULFPORT — City of Gulfport officials say the proceeds of a $30-million bond approved yesterday by the city council will go specifically toward projects in the city’s 2013 water and sewer master plan. “As the public is well aware, Gulfport has a very bad deteriorating water and sewer system. We have pipes that are collapsing. […] [...]

Judge rules for city in dispute over bonds for church

DIAMONDHEAD — A judge has ruled Diamondhead officials can issue a $1.28 million public bond to buy the former church building they have has been using as city hall. The Sun Herald reports Harrison County Chancellor Carter Bise ruled in the city’s favor. The Diamondhead Taxpayers Association has objected to the bond issue. The city […] [...]

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 […] [...]

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