Mississippi Business Journal » residents

Supervisors vote down Old Capitol Green; project in doubt

Associated Press — Tue, 17 Jul 2012 15:01:54 +0000

JACKSON — Plans for a $1 billion revitalization project for downtown Jackson have been thrown into doubt because of a decision by Hinds county officials to back out. The proposed Old Capitol Green project included office, residential and retail space and a 450-space parking garage. The Clarion-Ledger reports county supervisors voted 3-1 to bow out [...]

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Housing organization’s funding cuts could cost police jobs

Associated Press — Thu, 14 Jun 2012 11:36:22 +0000

NATCHEZ — Dramatic funding cuts for the Natchez Housing Authority have caused the authority to cut spending, which could include $60,000 for salaries of two Natchez police officers. Director Alan Ingram tells The Natchez Democrat the authority has paid the city $60,000 for several years for two extra patrol officers to provide security at the [...]

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Fitch upgrades rating on Old Republic, subsidiaries to ‘positive’

MBJ Staff — Mon, 28 May 2012 16:13:24 +0000

MADISON — Fitch Ratings has placed the ratings of Old Republic International Corporation’s (ORI) and its insurance company subsidiaries on rating watch positive. The ratings were previously on rating watch negative, where they had been placed Jan. 25, 2012. The rating includes Mississippi Valley Title Insurance Company of Madison, an ORI subsidiary. Fitch wrote in [...]

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Coast city to appeal judge’s decision on proposed annexation

Associated Press — Wed, 16 May 2012 13:04:51 +0000

PASS CHRISTIAN — The city of Pass Christian plans to appeal a judge’s decision denying the city’s request to annex 5.4 square miles in Harrison County. That’s according to a court notice the city has filed. The Sun Herald reports the city will appeal to the state Supreme Court the ruling specially appointed Chancellor Hollis [...]

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Aldermen pass noise ordinance despite negative public comments

Associated Press — Wed, 16 May 2012 12:59:21 +0000

OCEAN SPRINGS — The Ocean Springs Board of Aldermen has passed a noise ordinance. Last night’s vote came after another round of public comment, most of it against some aspect of the new law. The Sun Herald reports even the board was split on aspects of it and the vote was 5-2. But the city [...]

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Redevelopment Authority seeking proposals for riverfront development

Associated Press — Mon, 14 May 2012 12:58:44 +0000

PASCAGOULA — The Pascagoula Redevelopment Authority is soliciting proposals from developers for the city’s riverfront site, an office, retail and residential development. Jim Estabrook, chairman of the authority, tells The Mississippi Press the request for proposals is a significant move toward a goal of having construction start in five months. The authority is seeking proposals [...]

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More insurers writing wind coverage policies on Coast

Associated Press — Mon, 07 May 2012 17:09:19 +0000

MISSISSIPPI GULF COAST — Traditional insurance companies are still generally avoiding coastal risks. But a few companies new to Mississippi’s coastal market are writing wind coverage for well-built homes near the waterfront. So are insurance carriers that are not licensed in Mississippi. Angelyn Treutel is an independent insurance agent and vice president of the agency [...]

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Developer wants to build townhouses near Forks of the Road

Associated Press — Mon, 07 May 2012 16:59:59 +0000

NATCHEZ — A developer wants to construct townhomes on land located next to the Forks of the Road historic site. The Natchez Democrat reports the Planning Commission voted 5-2 in January to approve a site plan for the 26-unit affordable townhouse development. Charter Companies of Oxford is the developer. Alderman Ernest “Tony” Fields says he [...]

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FNC Inc. index finds U.S. home prices still weakening

MBJ Staff — Mon, 30 Apr 2012 20:17:46 +0000

OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values continued to show signs of persistent weakening, ending in February with a seventh consecutive month-to-month decline. Despite sharply rising activities in existing home sales and new housing starts from a year ago, prices on non-distressed home sales (excluding foreclosure auction sales, [...]

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City officials say residents would benefit from annexation

Associated Press — Tue, 27 Mar 2012 19:12:39 +0000

PASS CHRISTIAN — Two Pass Christian officials say that residents in a proposed annexation area in Harrison County would benefit from city services and discounts on insurance. The Sun Herald reports the trial in which Pass Christian is attempting to annex 5.4 miles of the Pineville-Cuevas community in the county is expected to last two [...]

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