by MBJ Staff Published: January 24,2013
Tags: abandoned property, blight, city, community development, land, land trust, municipal, municipality, nonprofit, ownership, property, real estate, urban sprwal
JACKSON — Working Together Jackson, a network of local community groups, has been quietly developing a new strategy for fighting blight, a problem that has at times seemed too daunting to solve. The latest idea is to take control of abandoned properties through a land trust, a nonprofit set up for the sole purpose of [...] [...]
by Associated Press Published: January 24,2013
Tags: acquire, acquisition, building, buy, economic development, employee, employer, employment, facility, industrial real estate, job, land, plant, property, purchase, sale, sell, work, worker
NATCHEZ — Towel and tissue supplier von Drehle Corp. of Hickory, N.C., has announced it will locate a manufacturing plant in Natchez. Officials say in a news release that the company, which provides paper products to commercial and industrial consumers nationwide, will create at least 100 new jobs. Von Drehle acquired the former Mississippi River [...] [...]
by Associated Press Published: January 23,2013
Tags: bankrupt, bankruptcy, bench, casino, city, commercial real estater, court, downtown, entertainment, gamble, gambler, gambling, gaming, judge, judicial, judiciary, justice, municipal, municipality, nightlife, property
VICKSBURG — More than nine months after the Grand Station Casino closed amid bankruptcy, the property near Vicksburg’s City Front is in disrepair as several issues are settled in court. In October, U.S. Bankruptcy Judge Neil P. Olack awarded the casino to M Street Inc. after it bid $400,000 for the 36,000-square-foot facility in a [...] [...]
by MBJ Staff Published: January 23,2013
Tags: economic development, employee, employer, employment, expansion, facility, furniture, grant, industrial real estate, job, manufacture, manufacturer, manufacturing, plant, property, state agency, work, worker
VERONA — Ashley Furniture Industries is locating operations in a 275,000-square-foot facility in Verona, and will create 60 jobs at its new facility, according to the Mississippi Development Authority. Ashley Furniture maintains manufacturing operations in Ecru and Ripley. The furniture manufacturer will use its new Verona facility, which is located on a 35-acre site in [...] [...]
by Associated Press Published: January 22,2013
Tags: building, city government, Commercial Real Estate, culture, disaster, downtown, emergency, fire, Heritage, historic, history, municipal, municipality, property
MERIDIAN — A recent fire in Meridian’s tallest structure has renewed talk about what should be done with the building. Meridian Mayor Cheri Barry tells WTOK TV the fire on the 12th floor of the “Threefoot” building remains under investigation. Meanwhile, Barry said, the city is looking for entrepreneurs who might have ideas for the [...] [...]
by MBJ Staff Published: January 14,2013
Tags: demand, home, homeowner, house, index, market, mortgage, price, property, real estate, residence, resident, residential, supply, value
OXFORD — The latest FNC Residential Price Index (RPI) shows that the recovery of U.S. property values has continued through November — the ninth consecutive month of price gains driven largely by rising homes sales and moderate economic growth. An imbalance between rising demand and limited supply continues to be an important factor for sustained [...] [...]
by Associated Press Published: January 8,2013
Tags: culture, federal agency, government, Heritage, historic, history, home, house, neighborhood, preservation, preserve, property, real estate, register, residence, resident, residential
JACKSON — The Belhaven neighborhood in Jackson has been placed on the National Register of Historic Places. The Department of the Interior has approved the addition of the Belhaven Historic District on the recommendation a Mississippi preservation board. The Belhaven neighborhood dates back to the early 1900s when it was a small residential development when [...] [...]
by Associated Press Published: January 7,2013
Tags: appropriation, borrow, budget, city, emergency, energy, finaces, fund, government, loan, municipal, municipality, natural gas, property, tax
OLIVE BRANCH — Olive Branch officials will borrow $1 million from the city’s natural gas fund to meet financial obligations. Mayor Sam Rikard tells the Commercial Appeal the funds would be repaid with interest once property tax collections come in. It’s not uncommon for cities to take out tax anticipation loans. Officials may borrow from [...] [...]
by Associated Press Published: January 3,2013
Tags: annex, annexation, city, county, government, governmment, land, municipal, municipality, property, real estate
BILOXI — The Biloxi City Council has voted to drop its annexation bid for property east of the Biloxi River — but only if Gulfport and Harrison County drop objections to Biloxi’s annexation of 2.5 square miles to its north. Yesterday’s resolution also requires that Gulfport refrain from annexing any property east of the Biloxi [...] [...]
by Associated Press Published: January 3,2013
Tags: contamination, court, developer, developers, environment, federal government, judicial, judiciary, justice, land, law, legal, pollution, property, real estate, trial, wetlands
HANCOCK COUNTY — A new trial date has been set for an Alabama real estate developer accused of violating the Clean Water Act by illegally filling wetlands near Bay St. Louis. William R. Miller, of Fairhope, Ala., was set for trial Feb. 4 on an 11-count indictment. Attorney Gaines Cleveland, in a written motion, has [...] [...]