Posts Tagged ‘bonds’

Councilmen balk at $107M in redevelopment bonds

JACKSON — The Jackson Redevelopment Authority has moved a few steps closer to issuing more than $107 million in bonds for three projects downtown. But if last week’s city council meeting is any indication, some council members are not at all happy to assist developers seeking the funds. The Clarion-Ledger reports the city council gave […] [...]

JRA could issue $107M in bonds for development

JACKSON — The Jackson Redevelopment Authority could soon issue $107 million in bonds for three economic development projects — including two that have endured a host of delays. The Clarion-Ledger reports the bonds will go toward financing a hotel to be built across from the Jackson Convention Complex, the Farish Street Entertainment District and a […] [...]

Coast city borrowing to pay on two bond issues

WAVELAND — The City of Waveland has borrowed $486,000 to pay on two public works bond issues from 2004. Mayor David Garcia tells the Sea Coast Echo the city borrowed money against its anticipated 2012 property taxes. In 2004, Waveland took out two bonds totaling more than $6 million for public works projects such as […] [...]

Lafayette County to pay off all outstanding bonds

OXFORD — The Lafayette County Board of Supervisors is planning to pay off all outstanding bond debt and lower property taxes. The decision was made this past week to spend $10 million of the $30 million gained from the sale of Baptist Memorial Hospital-North Mississippi to pay off all outstanding bonds for the county. The […] [...]

Barbour calls special session over bond issue

JACKSON — Mississippi Gov. Haley Barbour said he’s calling legislators into special session Friday to consider at least one economic development bond issue. Barbour made the announcement during a news conference today, saying he’ll release more details about the project or projects on Wednesday. He would not say how many jobs would be created, what […] [...]

Fitch rates airport bonds ‘A-’ despite drop in traffic

by Published: July 14,2011

Tags: air travel, airports, bonds, debt rating, transportation, travel

JACKSON — Fitch Ratings affirms Jackson Municipal Airport Authority’s outstanding $43.5-million airport revenue and refunding bonds at “A-.” The rating outlook remains “stable.” Fitch wrote: “The Jackson MSA is currently experiencing some setbacks from the economic recovery; however, Fitch expects resiliency in traffic levels given the airport’s limited competition from neighboring airports, with the closest […] [...]

Fitch rates higher ed construction bonds

JACKSON — Fitch Ratings has assigned an “AA” rating to the $55.365-million revenue bonds, series 2011 (Residence Hall Constructions and Refunding Project) issued by the Mississippi State University (MSU) Educational Building Corporation (EBC). At the same time Fitch affirmed the “AA” rating for the approximately $155 million in outstanding MSU EBC bonds and approximately $125 […] [...]

City approves TIF bond for Margaritaville streets

BILOXI — City streets leading to the new Jimmy Buffett’s Margaritaville Casino & Restaurant in East Biloxi will be improved with a Tax Increment Financing bond. The Biloxi Council voted to allow up to $1.65 million in TIF bonds for the project. The money will be used by the developer to install turn lanes on […] [...]

Fitch gives Memorial Hospital bonds an ‘A’

by Published: April 17,2011

Tags: bonds, debt rating, healthcare, hospitals, municipal government

GULFPORT — Fitch Ratings has affirmed at “A” two City of Gulfport, Mississippi bonds issued on behalf of Memorial Hospital at Gulfport (MHG). The bonds are $25.3 million hospital revenue refunding & improvement bonds, series 1994A and $59.5 million hospital revenue bonds, series 2001A. Fitch assigned the bonds a rating outlook of “stable.” Fitch wrote: […] [...]

State lawmakers approve $422M-plus bond bill

by Published: March 28,2011

Tags: bonds, budget, state government

JACKSON — Mississippi lawmakers have voted to borrow $422.8 million to pay for needs ranging from economic development to repairs on college campuses. The comprehensive bond bill, which includes more than 100 projects, drew lengthy debate in the House and Senate before passing in both. The bill has been held for more debate before it […] [...]

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