Posts Tagged ‘financing’

City approves plans, financing for proposed CanCan Casino

D’IBERVILLE — The D’Iberville City Council has approved development plans for the CanCan Casino and up to $24 million in tax-increment financing bonds to help cover costs of the infrastructure. The Sun Herald reports Chris Gouras, the city’s public finance consultant, outlined the plan and explained how the TIF work yesterday. Gouras said phase one […] [...]

Farish Street Group getting $10.2M loan from JRA

JACKSON — Developers of the Farish Street Entertainment District have taken the first step toward securing money needed to finish construction on the first block of the $100 million project in downtown Jackson. Yesterday, the Jackson Redevelopment Authority approved a non-binding agreement with Farish Street Group for a $10.2 million loan. As collateral, developers would […] [...]

Southern AgCredit mailing dividends totaling $6.35M

RIDGELAND — The Southern AgCredit board of directors recently approved a patronage dividend for borrowers based on the financing cooperative’s solid 2011 earnings. Checks are being mailed to customers in mid-February. Southern AgCredit customers will receive a check for their portion of the $6.35 million cash patronage, plus a statement detailing their share of the […] [...]

Margaritaville closes on financing for Louisiana casino

BOSSIER CITY, La. — Bossier Casino Venture, LLC (d/b/a Margaritaville Resort Casino) has closed its project financing for the Margaritaville Resort Casino to be built in Bossier City, La. Construction on the $197 million casino and hotel resort is expected to commence immediately and extend for approximately 16 months, with a targeted opening date in […] [...]

Fitch puts Mississippi Valley Title on ‘Rating Watch Negative’

MADISON — Fitch Ratings has placed the ratings of Old Republic International Corporation’s (ORI) and its insurance company subsidiaries, including Mississippi Valley Title Insurance Company, on “Rating Watch Negative.” Fitch reports: “The Rating Watch reflects uncertainty as to ORI’s ability to continue to avoid a covenant breach under its debt obligations in light of ongoing […] [...]

Developer, city still negotiating over TIF financing

MADISON — GBT Realty Corporation of Brentwood, Tenn., was scheduled to present the final plans and variance requests at the Jan. 9 meeting of the city of Madison’s Planning and Zoning Commission for the proposed Madison Promenade, but has deferred its request over TIF financing issues. The roughly 26-acre first phase is located in the […] [...]

SECDE closes on tax credits for Resinall plant

by Published: November 16,2011

Tags: expansion, financing, manufacturing, resins, tax credits, taxes

MADISON and HATTIESBURG — SECDE Ventures, LLC has closed on New Markets Tax Credit (NMTC) financing of $18 million for construction of Resinall Mississippi’s new hydrogenated hydrocarbon resin unit at its manufacturing facility in Hattiesburg. SECDE combined $12 million of its NMTC allocation with $6 million of NMTC allocation from MuniStrategies and $15 million of […] [...]

Supervisors approve TIF redevelopment plan

JACKSON COUNTY — Jackson County Supervisors have adopted a tax increment financing (TIF) redevelopment plan, which allows it to begin offering incentives on major developments. The Mississippi Press reports tax increment financing is a reimbursement-based funding mechanism that uses future gains in taxes to finance infrastructure improvements on a property. The county had to adopt […] [...]

Chinese utility financing BlueFire’s biorefinery

FULTON — BlueFire Renewables Inc. has entered into a memorandum of understanding (MOU) with China Huadian Engineering Co., LTD., to finance its integrated power plant and biorefinery in Fulton in Northeast Mississippi and up to five additional plants in the United States. Under the MOU, Huadian will invest equity by purchasing an interest in BlueFire […] [...]

Enerkem rounds up another $30M in financing

CLARKSDALE — Enerkem Inc., a waste-to-biofuels and chemicals company, reports the closing of $30 million in additional financing through corporate equity ($15.3 million) and corporate debt ($15 million) transactions. As part of the equity financing round, The Westly Group, Fondaction CSN and Quince Associates, L.P. join existing investors Valero Energy Corp., Waste Management, Rho Ventures, […] [...]

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