Mississippi Business Journal » redevelopment

Old bowling alley getting new life as retail center

Associated Press — Tue, 02 Apr 2013 12:43:49 +0000

VICKSBURG — Crews are clearing away the old Red Carpet Lanes bowling alley to make way for a retailing center on Clay Street. The Vicksburg Post reports the sale of the property closed last week. The new owners are Baton Rouge, La.-based developers Michael and Mitch Kimble of Kimble Development. Four buildings are in the [...]

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Mall redevelopment will mean massive demolition

Associated Press — Mon, 18 Mar 2013 11:55:53 +0000

GAUTIER — The redeveloped Singing River Mall will be an open-air shopping center that requires demolition of about 250,000 square feet of existing space. That’s according to an agreement on the city council’s agenda last week. The Mississippi Press reports the proposed agreement points to a 350,000-square-foot high-quality mixed-use development with anchor, junior anchor and [...]

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Company wants tax breaks to redevelop LeTourneau site

Associated Press — Thu, 13 Dec 2012 14:06:57 +0000

VICKSBURG — A company that proposes to redevelop the former LeTourneau Technologies site says it needs a tax exemption on up to $41 million in equipment and buildings. A representative for Cameron International Corp., the Houston-based oil services company that bought the LeTourneau yard in 2011, told Warren County supervisors Monday the company plans to [...]

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Officials hope designation kicks off redevelopment wave

Clay Chandler — Fri, 07 Dec 2012 17:26:35 +0000

Greenville’s downtown was placed on the National Register of Historic Places last month, and officials there are hoping it spurs a wave of redevelopment for the area. The entire process took more than two years, and involved surveys, hiring consultants to help the Commission navigate the process, procuring grant money to pay those consultants and [...]

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Partners plan for redevelopment of warehouse row

Associated Press — Mon, 29 Oct 2012 16:53:54 +0000

CORINTH — A block of old warehouse buildings is getting a makeover in a redevelopment plan by a partnership in Corinth. The Daily Corinthan reports Trey Albright and Stuart Green recently acquired the buildings in the 100 block of Wick Street, along with several buildings in the area, with plans to renovate them for rent. [...]

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City Council approves development plan for Centennial Plaza

Associated Press — Sun, 13 May 2012 16:08:20 +0000

GULFPORT — The City Council has voted to support a plan to develop Centennial Plaza. The Sun Herald reports council members had questions about the length of the lease and the development plan for 60 of the 92 acres at the former Veterans Affairs property. But after meeting with members of the Gulfport Redevelopment Commission, [...]

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City buying downtown properties for redevelopment

Associated Press — Mon, 20 Feb 2012 13:55:23 +0000

TUPELO — The city of Tupelo plans to buy three downtown properties in a $376,000 investment it hopes will result in a park or residential development. The Northeast Mississippi Daily Journal reports the properties have been magnets for crime and other problems. One originally was the Tupelo Military Institute but city officials say it more [...]

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Council offers tax exemptions to developers

Associated Press — Tue, 03 Jan 2012 17:48:23 +0000

HATTIESBURG — The Hattiesburg City Council has given prospective developers another incentive to invest in dilapidated downtown properties. During its final meeting of the year, the council changed guidelines for tax exemptions in Hattiesburg’s Historic Preservation and Central Business districts, The Hattiesburg American reported. Developers can now get a tax exemption for the entire increase [...]

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City wants to take ownership of old plant site

Associated Press — Tue, 06 Dec 2011 13:05:25 +0000

BROOKHAVEN — By the end of the year, the city of Brookhaven hopes to have taken full ownership of all buildings located on the former Stahl-Urban Manufacturing plant property. The city currently owns the main plant building and one of two warehouses located on either side of the main building. The owner of the other [...]

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Councilmen balk at $107M in redevelopment bonds

Associated Press — Mon, 21 Nov 2011 11:51:57 +0000

JACKSON — The Jackson Redevelopment Authority has moved a few steps closer to issuing more than $107 million in bonds for three projects downtown. But if last week’s city council meeting is any indication, some council members are not at all happy to assist developers seeking the funds. The Clarion-Ledger reports the city council gave [...]

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