Posts Tagged ‘financing’

Developers of a 2nd Coast casino miss financing deadline

MISSISSIPPI GULF COAST — Developers of two proposed casinos for the Mississippi Gulf Coast have missed deadlines to secure financing to build their projects. Tuesday, Rotate Black, which has a site approval at the Gulfport Harbor to build the $112 million Hemingway Casino failed to meet the 5 p.m. deadline. Monday, developers for the Scarlet […] [...]

KiOR borrows $25M; avoids defaulting on loan

COLUMBUS — Alternative-fuel maker KiOR Inc. has borrowed enough money to keep operating through August. The Pasadena, Texas, company, which has a $225-million plant in Columbus, had warned last month that it had to raise more money for research and plant improvements. KiOR, in a stock filing today, said it had completed a deal to […] [...]

Supervisors approve support for building port terminal

PASCAGOULA — The Jackson County Board of Supervisors has voted to support building a $30-million terminal at the Port of Pascagoula to handle wood pellets from a plant that is supposed to be built in George County starting in late 2014. The Sun Herald reports the county will handle selling up to $24 million in […] [...]

City approves bonds for roads for shopping center

D’IBERVILLE — The D’Iberville City Council approved about $17 million in tax-increment finance bonds to build roads around The Galleria shopping center. The council approved the bonds at yesterday’s meeting. The Sun Herald reports the city used similar bonds to finance infrastructure along Sangani Boulevard and The Promenade shopping center. The new million-square-foot mall, restaurants […] [...]

Bank agrees to underwrite bonds for Delta town

LELAND — Planters Bank and Trust Co. will underwrite the sale of $1.5 million in bonds for the city of Leland. The Delta Democrat Times reports the Board of Aldermen accepted the company’s bid this past week. Planters’ bid was the only one the city received for the bond issue, which will be used to […] [...]

Hearing set to begin next month in lawsuit over county bonds

MERIDIAN — A Lauderdale County judge will hear arguments Sept. 10 in a lawsuit challenging the county’s plan to borrow $14 million for courthouse renovations and for three recreational facilities. The county board of supervisors voted in June to issue the bonds. WTOK-TV in Meridian reports that a lawsuit against the bond issue was filed […] [...]

City to hold meetings over major sewer/water rate hike plan

JACKSON — The city of Jackson will host a series of town hall meetings to discuss a proposed water and sewer rate hike. Water rates would rise 29 percent under the proposal, from $2.48 to $3.21 per 100 cubic feet, or 748 gallons. Sewer rates would more than double, from $2.15 to $4.47 per 100 […] [...]

Delta city using tax increment financing for improvements

GREENWOOD — The city of Greenwood has devised a plan to help private developers pay for street, lighting and other improvements to the public infrastructure — tax increment financing. The Greenwood Commonwealth reports the city council approved the plan last week. TIF is a public financing method that provides communities with a means to fund […] [...]

Court sides with city in infrastructure-financing case

STARKVILLE — The Mississippi Supreme Court has thrown out a lawsuit challenging how the city of Starkville is paying for infrastructure improvements. The Supreme Court sided with the city which had contended local resident William McGovern waited too long to appeal a chancellor’s ruling in favor of Starkville’s municipal facility construction plan. Chancellor Jim Davidson […] [...]

City extends term of tax increment financing plan for mall

SOUTHAVEN — Officials have extended the time frame of the $15-million tax increment financing plan for the proposed outlet mall in Southaven. The Commercial Appeal reports Mayor Greg Davis made clear the amount of funding was not changing, just the time period for the plan was being extended from 15 years to 20 years. Tax […] [...]

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