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Tag Archives: JRA

JRA set to hire law firm to evaluate financial viability of hotel proposal

By TED CARTER Jackson Redevelopment Authority is preparing to pay law firm Watkins & Eager $90,000 to examine the financial soundness of the proposal selected for building a convention center hotel. Though the scope of work has not yet been determined, the Jackson law firm would supposedly look into the financial viability of the deal Engineering Design Technologies offered on building ...

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JRA expected to hear Denver developer’s Farish St. proposal at special meeting

By  TED CARTER The Jackson Development Authority has put the dormant Farish Street redevelopment on the agenda of a special meeting at 10 a.m. Wednesday. The action follows a Hinds Chancery judge’s order for Development Authority lawyers not to impede consideration of a possible deal on redeveloping the two block portion of Farish Street. The trial lawyer for the JRA ...

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HUD’s suspensions on JRA remain a year later

By TED CARTER The U.S. Department of Housing and Urban Development has little progress to report one year after suspending the Jackson Redevelopment Authority from further dealings with the agency. The JRA remains suspended for mistakes it made in using HUD dollars to acquire properties for the Farish Street redevelopment, a project that has been dormant since the JRA voided its ...

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Job ad’s bogus pay figure for new JRA chief creates confusion

By TED CARTER A fraudulent Internet job posting that listed the annual pay for the next executive director of the Jackson Redevelopment Authority at $160,000 may have confused the final two candidates but won’t force a restart of the effort to fill the job. That’s the assessment the chairwoman of the Jackson Redevelopment Authority and the head of a search firm ...

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Convention center hotel proposals ask for $41M in loan support

By TED CARTER Two of the three convention center hotel proposals presented to the Jackson Redevelopment Authority rely heavily on public-sector backing for development loans, though both forgo asking for direct financial contributions from either the City or JRA. A JRA-appointed review committee will look over the proposals and recommend a developer to the Authority in time for a selection or ...

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Just what is the market for a Jackson convention center hotel?

The Jackson Redevelopment Authority is moving ahead with selecting a developer for a convention center hotel, though at this point it can only guess at the soundness of the investment. The latest invitation for developers to propose how they would build a hotel adjacent to the Jackson Convention Complex – the third in the past five years – shares with ...

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Virginia company proposes 8-floor Jackson Convention Center hotel, parking garage

By TED CARTER A Herndon, Va., company that specializes in public-private development partnerships is proposing an $83.6 million, 302-room Jackson convention center hotel with a 1,000-space garage. Red Leaf Development says it can do the project without direct contributions from the City or Jackson Redevelopment Agency, though $41.8 million in borrowing will be necessary, either through a conventional loan backed by ...

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