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Author Archives: Jack Weatherly

Sophomore Spanish promises upper class cuisine

By JACK WEATHERLY The latest restaurant in the District at Eastover has a name that is a bit taco in cheek, you might say. It’s called the Sophomore Spanish Club. It will open next month and take the place of the Cantina Laredo, an upscale restaurant that closed Feb. 25. The eatery will have a self-effacing name, but owner Ray-Scott ...

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UPDATE: Sun-n-Sand still to be razed but sign will be saved

By Jack Weatherly Two historic downtown landmarks have been purchased by the state Department of Finance and Administration for about $2.3 million. The Sun-n-Sand motor hotel on Lamar Street earned a colorful history as a gathering place for legislators to hash out bills outside the glare of public scrutiny. The other property is the former Wright & Ferguson Funeral Home ...

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Fred’s closing 49 more stores, 18 in Mississippi

By JACK WEATHERLY jack.weatherly@msbusiness.com With its history dating to 1947 in Coldwater, Miss., Fred’s Inc. is closing 49 more stores as it tightens up its balance sheet bleeding red ink. Eighteen of the stores are in Mississippi. That means that since April, the chain has announced the closing of more than half of its stores, 260, leaving 240. The announcement ...

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REPORTER’S NOTEBOOK — A high-stakes game to save a paper

What do you do if the newspaper you own is losing money? Cut costs? Sure. Limit scope of coverage. And if that doesn’t work, sell everything and enjoy the money? How about spending more? A lot more. Well, um . . . . that is what Walter Hussman is doing with the Arkansas Democrat-Gazette. He is investing $12 million in ...

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Cotton House names GM, is taking reservations

By JACK WEATHERLY jack.weatherly@msbusiness.com The Cotton House hotel has hired James McAfee as its first general manager for the upscale lodge to open soon in downtown Cleveland. McAfee comes to Mississippi from Mongomery, Ala., where he was director of services at the 345-guestroom Renaissance Hotel and Spa, a Marriott property. “After working in Montgomery . . . at the Renaissance ...

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District at Eastover loft apartments bought by investment firm

By JACK WEATHERLY jack.weatherly@msbusiness.com About a year after the District Lofts apartments were completed, the 261-unit complex in Jackson’s District at Eastover was sold. The buyer, Passco Cos. LLC of Irvine, Calif., a private real estate investment firm, secured a $30.6 million loan from KeyBank, according to multifamilynews.com. But that is not the purchase price, said Breck Hines, a co-developer ...

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Colonial Highlands still awaits turning of dirt for apartments

By JACK WEATHERLY jack.weatherly@msbusiness.com Nearly three years ago, the city of Jackson approved a plan to redevelop the former 152-acre Colonial Country Club, but dirt has not been turned on the project. Arlington Properties of Birmingham said last August that it planned to build a 220-unit apartment complex on the property as the first phase of the mixed-use, traditional neighborhood ...

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Ex-exec still incarcerated in Louisiana jail on fraud, bad-check charges

By JACK WEATHERLY jack.weatherly@msbusiness.com Roger Boggs, who announced plans for a $1.2 billion aluminum manufacturing plant for auto bodies in Columbus, then pulled up stakes and moved to Louisiana, announcing similar plans there, remains in jail in Lafayette, La., under $360,000 bond for bank fraud and passing bad checks. Sarah Pickering, a deputy sheriff at the Rapides Parish Detention Center, ...

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Community foundations kick off tax-credit drive

By JACK WEATHERLY If it sounds too good to be true, it probably is. So goes the axiom. Yet that leaves open the possibility that it can be true. The seven community foundations of Mississippi asked the Legislature for $2.5 million in tax credits over five years to start the Endow Mississippi Program. The full amount was approved in the ...

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JACK WEATHERLY — ‘Bright Star’ shines at the New Stage

Steve Martin met someone at a cocktail party who wanted to compliment him on his play about Picasso meeting Einstein. It was “goo . . . RATE,” the partygoer said, avoiding damning Martin with faint praise. The legendary comedian, actor, banjoist and playwright’s latest stage effort, “Bright Star,” as presented by New Stage Theater in Jackson is goo . . ...

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