Posts Tagged ‘property’

Callon Petroleum stock sale for acquisitions raises $122M

NATCHEZ — Callon Petroleum Co. has raised $122 million from a stock sale, with plans to use the proceeds to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company announced it has sold 14.38 million shares at $9 per share, paying about $7 […] [...]

Margaritaville owner files for bankruptcy before landlord hearing

BILOXI — The owner of Biloxi’s Margaritaville casino filed for Chapter 11 bankruptcy protection yesterday, only hours before a hearing where the landlord aimed to seize the property. The filing by MVB Holding LLC in U.S. Bankruptcy Court in Gulfport follows the casino’s shutdown on Monday night. Don Dornan, a lawyer for landlord Clay Point, […] [...]

House votes for transfer of Yellow Creek Port land to state

IUKA — The House of Representatives has passed by voice vote H.R. 3044, which approves the transfer of Yellow Creek Port properties in Iuka. Located on the Tennessee-Tombigbee Waterway, the Yellow Creek Port was developed for economic development purposes by the Tennessee Valley Authority (TVA) in cooperation with the state of Mississippi. “Manufacturing remains one […] [...]

DMR chief: Agency should not have purchased residential property

PASCAGOULA — The Mississippi Department of Marine Resources should not have bought a residential lot in 2010 from the parents of a woman who was then a manager in the agency, says agency’s the current leader. DMR executive director Jamie Miller told The Sun Herald there are still questions about the propriety of the land […] [...]

Coast family wins $644K in tideland lawsuit against state

BAY ST. LOUIS — A family that owned a beachfront restaurant in Bay St. Louis before Hurricane Katrina has won $644,000 against the state in a lawsuit, with jurors ruling land the state took to build a new small craft harbor was not state tideland but private property. Paul Scott, a lawyer for the Murphy […] [...]

Bench trial to begin today over land for dusky gopher frog

NEW ORLEANS — A federal judge is hearing arguments on the claim that federal wildlife officials made an illegal land grab by listing 1,500 acres of private land in Louisiana as critical habitat for an endangered burrowing frog. U.S. District Judge Martin L.C. Feldman scheduled a bench trial today for the challenge to the U.S. […] [...]

Cochran: Land given to city from Trace will boost Natchez

NATCHEZ — U.S. Sen. Thad Cochran (R-Miss.) says the citizens of Natchez will benefit from the culmination of a legislative effort he started to convey surplus federal property from the Natchez Trace Parkway to the state of Mississippi. Cochran joined Natchez Mayor Butch Brown and other officials for a signing ceremony at which Natchez Trace […] [...]

Court rules for Exxon in property dispute involving alligators

WILKINSON COUNTY — A divided Mississippi Supreme Court has ruled that Exxon Mobil Corp. can’t be held liable for the presence of alligators at a waste site it owns in Wilkinson County. The oil giant had been sued by a couple — Tom and Consandra Christmas — who had planned to build a house on […] [...]

SKD seeking lease from UMMC for mixed-used development

JACKSON — The University of Mississippi Medical Center plans to lease 4.4 acres on the north edge of its Jackson campus to a developer who wants to build a 224-unit apartment complex with ground-level stores and offices. The College Board approved the lease yesterday. If Attorney General Jim Hood’s office also approves, SKD Development plans […] [...]

Homeowners’ fire district challenge going to highest court

DIAMONDHEAD — The U.S. Supreme Court will consider May 15 whether to hear an appeal over whether a Mississippi fire protection district can charge a fee for its services to local property owners. Court officials say a decision could be announced shortly after the court conference. The Mississippi Supreme Court ruled in favor of the […] [...]

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