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Tag Archives: bond

SPECIAL REPORT: Land may hold key to Jackson airport’s success

Developing and attracting businesses to several hundred acres on Jackson Municipal Airport Authority land east of Medgar Wiley Evers International may be the Authority’s best hope for offsetting the $800,000 lost annually to the departure of Southwest Airlines. The revenue loss has already cost the Airport Authority a Fitch Ratings Service downgrade of a $39.4 million bond issue, forcing a ...

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(UPDATED) Making Jackson-Evers affordable to Allegiant is key to regaining Orlando service

Prospects for Jackson Medgar Wiley Evers International landing ultra-low-cost carrier Allegiant Air  for service to Orlando hinge on well the airport can help the carrier shave its operating costs at the airport.A U.S. Department of Transportation grant subsidy the airport expects to receive would ease the cost burden early on. But  the Las Vegas-based Allegiant wants to ensure it can ...

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Deal for Jackson-Orlando flights in works with Allegiant

Low-cost carrier Allegiant Air would give Jackson two direct flights a week to and from Orlando under an agreement approved Monday by the Jackson Municipal Airport Authority and contingent on a U.S. Department of Transportation grant subsidy. Flights offered by the Nevada-based commercial and charter airline would land at Orlando/Sanford International, a small airport in the Central Florida city of ...

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Madison County voters could be asked to approve yet more bonds

CANTON — Madison County Superintendent Ronnie McGehee says the school system will likely ask voters to approve another bond issue within the next three years. McGehee tells the Madison County Journal by 2016, the need for another middle school, a separate 9th-grade building at Germantown High School or both will justify the cost. Germantown High School, which opened in 2010, ...

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Fitch downgrades Baptist's bond rating

JACKSON — Fitch Ratings has downgraded approximately $97.1 million Mississippi Hospital Equipment and Facilities Authority revenue bonds, series 2007A, issued on behalf of Mississippi Baptist Health System (MBHS) to from “BBB+” to “BBB”. The rating outlook is “stable”. Fitch wrote: The rating downgrade reflects MBHS’s profitability deterioration in fiscal year (FY) 2013 and through the eight-month interim period of 2014 ...

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City council approves bonds for crumbling water, sewer system

GULFPORT — City of Gulfport officials say the proceeds of a $30-million bond approved yesterday by the city council will go specifically toward projects in the city’s 2013 water and sewer master plan. “As the public is well aware, Gulfport has a very bad deteriorating water and sewer system. We have pipes that are collapsing. We have homes that have ...

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Judge rules for city in dispute over bonds for church

DIAMONDHEAD — A judge has ruled Diamondhead officials can issue a $1.28 million public bond to buy the former church building they have has been using as city hall. The Sun Herald reports Harrison County Chancellor Carter Bise ruled in the city’s favor. The Diamondhead Taxpayers Association has objected to the bond issue. The city has been renting space at ...

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Air service to Orlando could be on the horizon

Direct service from Jackson-Medgar Evers International Airport to Orlando could resume after Southwest Airlines’ departure  if airport officials receive a U.S. Department of Transportation grant they say they are confident of getting. The grant is the same one by which the airport gained service to New York City. The direct service to Orlando ceases with Monday’s departure of Southwest Airlines ...

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Vaya con Dios Southwest — last flight departed Jackson Saturday night

Southwest Airlines’ 7:05 p.m. Saturday flight to Houston’s Hobby International Airport brought to a close Jackson-Medgar Wiley Evers International’s 17-year relationship with the Dallas-based carrier.   The elimination also marks the airline’s first severing of service to a second-tier market serving a population of over 500,000 people. The only other two service closings occurred in Denver and Detroit, though in 1973 ...

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Two men accused of photographing Cochran's wife released from jail

MADISON — Two men charged with conspiring to photograph U.S. Sen. Thad Cochran’s ailing wife were released from jail yesterday after a court lowered their bonds. Madison County District Attorney Michael Guest said his office agreed to reduce bonds for Clayton Kelly of Pearl and Richard Sager of Laurel after their attorneys appealed amounts set by a Madison city judge ...

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