Business Blog

  With a 20-year-lease offer of $48.5 million on the table, downtown Jackson’s Landmark Center held a clear lead in the competition to become the new headquarters of the Mississippi Department of Revenue. Rivals South Pointe Business Park in Clinton and Diversified Technologies complex in Ridgeland presented offers of $51.4 million and $53.4 million, respectively. [...]

Here’s proof that things can seem horribly bad one week and just peachy the next. On March 18, employees of the Mississippi Department of Revenue endured the ear-splitting sound of a hail onslaught banging on a tin roof and aluminum walls. Seven days later, they heard the wonderful words they’ve awaited for nearly two decades: [...]

Barring a late surprise, the winner in the competition to be the new home of the Mississippi Department of Revenue should be known by the middle of next week, state officials say. The Department of Finance & Administration late Thursday afternoon opened the ‘final and best” lease offers from representatives of the three properties still [...]

Whiplash could be a consequence of watching recent action in the Legislature to determine the next home of the Mississippi Department of Revenue. The day before a bill to put the DOR headquarters in downtown Jackson’s Landmark Center via a $7.6 purchase passed the Senate on a 48-2 vote, House Speaker Philip Gunn successfully pushed [...]

Mississippi casinos have halted their four-year slide in annual gross gaming revenues — or have they? In records released recently by the Mississippi Department of Revenue, gaming revenue in 2012 showed an increase of $12 million over 2011. That stopped a streak of four consecutive years where gaming revenues dropped by an average of about [...]

Downtown Jackson would see hundreds of new workers and a whittling of its office space vacancies through proposals from Senate Public Property Committee Chairman David Blount to consolidate more state agencies into space available in the Jackson Capitol Complex. In support of a pair of bills he has introduced, Blount produced an analysis from Millsaps [...]

Tuesday is short list day in the competition among metro Jackson office properties to become the new home of the Mississippi Department of Finance. Meeting the early deadline for submitting Requests for Proposals for a long-term lease deal with the state were downtown Jackson’s Landmark Center and South Point Business Park in Clinton, both considered [...]

In a clear sign that state leaders have decided against further delays in getting the Mississippi Department of Revenue out of its metal warehouse headquarters in Raymond, the state has issued a request for proposals to building owners interested in leasing to the department. The move represents a change of heart by state leaders who [...]

A facilities study that could guide the State of Mississippi’s policies for accommodating its office and other operational needs is expected to be completed before the Christmas holidays. International commercial real estate firm Cushman & Wakefield is wrapping up work on the second part of a study whose initial phase led to a recommendation to [...]

You can bet a $300 million windfall would cheer up Mississippi’s Revenue Estimating Committee when it convenes this month to set estimates on state collections of taxes and fees. The $300 million is the National Conference of State Legislatures’ estimate on the amount of money Mississippi loses each year by not taxing certain online and [...]