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Tag Archives: Parkway

Section of Natchez Trace reopening after months of repairs

MADISON COUNTY — The National Park Service has completed repairs to a damaged section of the Natchez Trace Parkway at milepost 94.9, south of Ridgeland, and will reopen the Parkway to vehicular traffic tomorrow, according to the Mississippi Department of Transportation. This section has been closed to motorized vehicles since March 14 after engineers identified a major safety hazard that ...

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Trace bridge bid comes in $1.4M higher than expected

TUPELO — The lowest bid to build a bridge over the Natchez Trace Parkway came in $1.4 million higher than expected. Officials tell the Northeast Mississippi Daily Journal members of the Major Thoroughfare Committee will discuss the bids on Oct. 8 before taking a proposal to the city council. The bridge is part of the city’s northern loop road project. ...

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Parkway's exit from Jackson market seen as belated step in right direction

Parkway Properties’ planned exit from office markets in Jackson, Memphis and Richmond, Va., gets a thumbs-up from analysts who call the market departures an overdue course correction. The consensus is the self-administered real estate investment trust is giving itself its best chance for success by leaving tertiary, or secondary, markets for core markets that can bring higher returns. With Parkway’s ...

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Fired Parkway CFO sues, alleges fraud

The former CFO of Parkway Properties has sued the company for wrongful termination in Hinds County Circuit Court and also alleges the company engaged in fraudulent activities. Parkway denies the accusations. J. Mitchell Collins said in his complaint that he announced his resignation in January with an effective date of March 1. Parkway fired him in February. Collins has also ...

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Seeing the light at the end of the tunnel

Parkway stocks are trading at $19, up from a low of $9, a sign, it says, of better times to come Mississippi’s two publically-traded real estate companies, Parkway Properties and EastGroup Properties, can see the light at the end of the recession’s tunnel, executives at both companies say. “If you look at the meltdown that took place in Sept. 2008, ...

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