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Tag Archives: redevelopment

Redevelopment underway in Delta of low-income housing

YAZOO CITY — Construction has begun on the redevelopment of Magnolia Crossing, an 86-unit housing development of single-family homes and duplexes for low-income families in Yazoo City. The Federal Home Loan Bank of Dallas (FHLB Dallas) and Bank of Yazoo provided Magnolia Crossing a $460,000 Affordable Housing Program (AHP) grant to assist with the renovations. Each year, FHLB Dallas returns ...

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Old bowling alley getting new life as retail center

VICKSBURG — Crews are clearing away the old Red Carpet Lanes bowling alley to make way for a retailing center on Clay Street. The Vicksburg Post reports the sale of the property closed last week. The new owners are Baton Rouge, La.-based developers Michael and Mitch Kimble of Kimble Development. Four buildings are in the works for the site where ...

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Mall redevelopment will mean massive demolition

GAUTIER — The redeveloped Singing River Mall will be an open-air shopping center that requires demolition of about 250,000 square feet of existing space. That’s according to an agreement on the city council’s agenda last week. The Mississippi Press reports the proposed agreement points to a 350,000-square-foot high-quality mixed-use development with anchor, junior anchor and smaller commercial businesses, office buildings, ...

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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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Officials hope designation kicks off redevelopment wave

Greenville’s downtown was placed on the National Register of Historic Places last month, and officials there are hoping it spurs a wave of redevelopment for the area. The entire process took more than two years, and involved surveys, hiring consultants to help the Commission navigate the process, procuring grant money to pay those consultants and getting approval from city and ...

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Partners plan for redevelopment of warehouse row

CORINTH — A block of old warehouse buildings is getting a makeover in a redevelopment plan by a partnership in Corinth. The Daily Corinthan reports Trey Albright and Stuart Green recently acquired the buildings in the 100 block of Wick Street, along with several buildings in the area, with plans to renovate them for rent. Albright and Green have collaborated ...

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City Council approves development plan for Centennial Plaza

GULFPORT — The City Council has voted to support a plan to develop Centennial Plaza. The Sun Herald reports council members had questions about the length of the lease and the development plan for 60 of the 92 acres at the former Veterans Affairs property. But after meeting with members of the Gulfport Redevelopment Commission, council members said they were ...

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City buying downtown properties for redevelopment

TUPELO — The city of Tupelo plans to buy three downtown properties in a $376,000 investment it hopes will result in a park or residential development. The Northeast Mississippi Daily Journal reports the properties have been magnets for crime and other problems. One originally was the Tupelo Military Institute but city officials say it more recently has been used by ...

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Council offers tax exemptions to developers

HATTIESBURG — The Hattiesburg City Council has given prospective developers another incentive to invest in dilapidated downtown properties. During its final meeting of the year, the council changed guidelines for tax exemptions in Hattiesburg’s Historic Preservation and Central Business districts, The Hattiesburg American reported. Developers can now get a tax exemption for the entire increase in property value when an ...

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City wants to take ownership of old plant site

BROOKHAVEN — By the end of the year, the city of Brookhaven hopes to have taken full ownership of all buildings located on the former Stahl-Urban Manufacturing plant property. The city currently owns the main plant building and one of two warehouses located on either side of the main building. The owner of the other warehouse, Arthur Jeppe, will deed ...

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