Home » MBJ FEATURE (page 590)

MBJ FEATURE

Farm Bureau chief: Eminent domain push to continue despite lawsuit

The president of the Mississippi Farm Bureau Federation says that organization’s advertising campaign aimed at convincing voters to restrict the state’s use of eminent domain will go forward, even though there is now a chance the initiative won’t even be on the November ballot. Leland Speed, the interim executive director of the Mississippi Development Authority, has sued Secretary of State ...

Read More »

Running down the numbers

On June 2, the Associated Press issued a news release that pegged the state’s potential agriculture losses due the historic Mississippi River flood at $250 million-plus. It was the first hard figure yet given for Mississippi farmers’ flood-related losses. The AP piece cited the Governor’s Office as the source of the figure. Since the release, the Mississippi Business Journal has ...

Read More »

Parties to deal have Dec. 31 deadline to sell GO Zone bonds

The clock is winding down on a one-year extension for Gulf Opportunity Zone bonds, the key elements of Jackson’s deal with a private developer to build a convention center hotel. Go Zone bonds and the tax-free opportunity they give bond buyers go away Dec. 31, but representatives from city hotel partner TCI-Investments, an arm of Transcontinental Realty Investments of Dallas, ...

Read More »

Rest will have to wait

The lingering recession has caused a scaling back of what was once the $200-million Capital City Center development — more commonly known as Jackson’s convention center hotel and mixed-use project. Gone for now is a 825-car parking garage the initial plan contemplated building at the same time as the 16-floor, 304-room convention headquarters hotel. Also on the shelf is a ...

Read More »

Deal would lock in rooms

The deal Jackson city officials are working on with private developer TCI Investments of Dallas would guarantee lodging for participants in conventions booked by the Jackson Convention Complex. TCI is to make a room block and meeting space agreement with the Convention Complex and will coordinate a sales program, city officials say. Under the Crowne Plaza flag, the convention headquarters ...

Read More »

Consumers win Senate battle with retailers

Retailers, gas stations, restaurateurs and other businesses that regularly receive payment through customer debit cards won the day in the U.S. Senate last Wednesday, with opponents of caps on debit card swipe fees falling short of votes needed to delay implementation of the caps for two years. The Senate vote lets the Federal Reserve limit to 12 cents the fee ...

Read More »

Watkins: Farish still on track

David Watkins wants to be clear: Farish Street is on schedule for the major tenants of its first block to open late this year. The project has not stalled for lack of money, as was reported in the Clarion-Ledger last week. Watkins, who is developing the historic district into a Beale Street-like mix of clubs and restaurants, said the only ...

Read More »

Jackson hotel partner showed a $12.2 million loss at Q1 close

Dallas-based Transcontinental Realty Investors, Inc. (NYSE:TCI), parent of TCI Investments, ended the first quarter with a net loss applicable to common shares of $12.2 million, compared to a loss of $10.5 million for the same period ended 2010. Transcontinental Realty took an impairment on notes receivable and real estate of $24.5 million in the fourth quarter of 2010, compared to ...

Read More »

Getting off the bottom

As the historic crest of the Mississippi River rolled past the Delta last month, the catfish industry started breathing a little easier. If the Yazoo Backwater Levee had failed, practically the entire catfish industry in Mississippi would have been underwater, and after a decade of struggles, could have meant the industry’s death. Even if the levee held, some forecasted nearly ...

Read More »

World’s first trash-to-fuel plant

Pontotoc could become home to the world’s first fully operational, commercial-scale plant to create ethanol from garbage. Montreal-based Enerkem plans to break ground “later this year” on Enerkem Mississippi Biofuels, which should begin producing 10 million gallons of biofuel annually by 2013. The company is building a similar project in Alberta, Canada, that is scheduled to be operational prior to ...

Read More »