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Tag Archives: property

Officials sign options securing area's first megasite

HATTIESBURG — Officials have signed options securing a 2,222-acre industrial site in Forrest and Lamar counties. Area Development Partnership president Chad Newell told the Hattiesburg American it’s the first megasite in southern Mississippi. The idea is to have a large parcel with good transportation links to market to manufacturers. The land is in unincorporated areas of Forrest and Lamar counties, ...

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Natchez Inc. making progress in finding buyer for plant

NATCHEZ — Economic developers say progress is being made toward goal of having a buyer for the Mississippi River Pulp plant. The Natchez Democrat reports a local economic developer group — Natchez Inc. — has been working with MRP since the company shut down its recycled fiber plant Oct. 31. Natchez Inc. director Chandler Russ said talks are progressing with ...

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Attorneys preparing final briefs in hospital-annexation case

OXFORD — Attorneys have 30 days to submit final briefs in case that will decide whether the land that a company has selected as the location of its new $300 million hospital will be included in the Oxford city limits. The Oxford Eagle reports Baptist Memorial Hospital-North Mississippi wants to build on the 160-acre site located south of Mississippi 6. ...

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Public hearing called to discuss subdivision development

VICKSBURG — Warren County will hold a public hearing on Jan. 22 on proposed changes to the county’s ordinance on subdivision development. The Vicksburg Post reports versions of a revised ordinance have discussed by the board of supervisors for months. The county is considering a prohibition on the sale of residential lots until roads are dedicated for county maintenance. The ...

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Coast city calls truce in long-running annexation fight

BILOXI and GULFPORT — The Gulfport City Council has voted unanimously to approve a resolution that could put an end to a longstanding annexation dispute with the city of Biloxi. The property in question consists of about two-and-one-half square miles along the Mississippi 605 corridor north and east of Gulfport’s corporate boundaries. The Sun Herald reports the resolution says if ...

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FNC index shows improving U.S. property values

OXFORD — U.S. property values continue to show signs of improvement, in line with indications of continued expansion in economic activity and better employment rates in recent months, according to FNC’s latest Residential Price Index (RPI). Favorable developments in the housing sector, including declining foreclosure activities and rising home sales, have contributed to the continued price strengthening, according to a ...

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FNC report finds improving liquidity in for-sale market

OXFORD — Liquidity conditions in the nation’s residential for-sale market are generally improving, according to a report released by mortgage technology company FNC. The report, built from FNC’s For-Sale-Observations Database that captures more than 60 percent of the for-sale market, indicates the median asking price among for-sale properties is up 8.6 percent since January and 6.1 percent over this time ...

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Company wants tax breaks to redevelop LeTourneau site

VICKSBURG — A company that proposes to redevelop the former LeTourneau Technologies site says it needs a tax exemption on up to $41 million in equipment and buildings. A representative for Cameron International Corp., the Houston-based oil services company that bought the LeTourneau yard in 2011, told Warren County supervisors Monday the company plans to create about 167 jobs over ...

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Tax exemptions approved on land worth more than $838M

PASCAGOULA — Jackson County supervisors have unanimously approved two 10-year tax exemptions for more than $838 million in true property value. The Mississippi Press reports Gulf LNG Energy received an exemption on nearly $828.5 million, and Ingalls Shipbuilding received an exemption on nearly $9.6 million on property value. County leaders say exemptions are granted on new investment only, and those ...

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New land-use code could spur development

TUPELO — A new development code in Tupelo will allow more mixing of land uses. The code is expected to go to a vote in January, reports the Northeast Mississippi Daily Journal. If the City Council adopts the code, a transition period will follow. During that time, developers will be able to choose which code they will follow. At a ...

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