by Ted Carter Published: December 18,2011
Tags: convention center hotel, Gulf Opportunity Zone bonds, Jackson City Council
A decision by Jackson City Council Monday (Dec. 19) to build a 16-floor, $96 million convention center hotel will hand Mayor Harvey Johnson a signature victory but a thumbs down from the council will give him a serious setback. The city put the deal on a fast-track to enable proposed development partner Transcontinental Realty Investments [...] [...]
by Ted Carter Published: December 11,2011
Tags: convention center hotel, downtown hotel market, JACKSON
In its first year of operation, a convention center hotel in Jackson would achieve a revenue-per-available room rate more than double the current rate for Jackson’s downtown hotel market. That’s the ambitious projection of a market feasibility study done for potential hotel development partner Transcontinental Realty Inc. of Dallas and on which city officials appear [...] [...]
by Ted Carter Published: November 13,2011
Tags: convention center hotel, GO Zone, Jackson Mississippi, tax-exempt Gulf Opportunity Zone, TCI Realty
TCI Realty of Dallas, a prospective partner with the City of Jackson on a convention center hotel, is racing the clock to gain a $70.1 million share of Mississippi’s tax-exempt Gulf Opportunity Zone bonds before they expire Dec. 31. Meanwhile, the nearly $100 million project faces a council increasingly skeptical about inheriting a development partner [...] [...]
by MBJ Staff Published: September 30,2011
Tags: banking commissioner, Commercial Real Estate, convention center hotel, Digital edition, Hyundai, JACKSON, Jeff Seabold, John Allison, Kewanee, Leland Speed, MBJ, megasite, Meridian, Mississippi Business Journal, MSU director of architecture school
In this week’s MBJ, Clay Chandler examines whether there is a megasite available for a new Hyundai plant. The MDA’s Leland Speed says there are no sites available. However, the East Mississippi Business Development Corp. executive director Wade Jones says the 1,400-acre Kewanee site is still available for Hyundai or anyone else that wants it. [...] [...]
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