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Tag Archives: sell

City, state to hold second sale of tax-forfeited property

GREENVILLE — Secretary of State Delbert Hosemann and Greenville Mayor John Cox are hoping the second round of tax-forfeited land sales in Greenville will be just as successful as the first. In a joint press conference, Hosemann and Cox announced the public sale of another 94 parcels of tax-forfeited land, valued at $210,000. “I would like to commend the City ...

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Senator claims Obama has cost TVA hundreds of millions of dollars

NORTH MISSISSIPPI — Sen. Lamar Alexander (R-Tenn.) says President Barack Obama’s plan to consider selling the Tennessee Valley Authority has already cost hundreds of millions of dollars — even if the nation’s largest public utility is never sold. The Tennessee Republican said TVA bonds lost about $500 million in value after the president’s announcement last month, largely because of uncertainty ...

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NVision expands through new agreement with QinetiQ

HANCOCK COUNTY — NVision Solutions Inc. has expanded its engineering services and capabilities through a strategic licensing agreement with QinetiQ North America Inc. (QNA) and the addition of personnel with expertise in underwater sensors and acoustic telemetry. Under its agreement with QNA, NVision will have the exclusive right to further develop and license to end users QNA’s proprietary SAKI technology, ...

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Downtown iconic hotel going on auction block

JACKSON — A May 22 online auction will determine the future of a downtown Jackson landmark. Auctioneer Benny Taylor tells the Mississippi Business Journal (http://bit.ly/113wahW) that several prospective bidders toured the eight-story Edison Walthall Hotel this past week. The hotel has been closed since early 2010 after burst water pipes extensively damaged the lower floors. Tax records put the appraised ...

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State buys more property on Gulf island for $8M

MISSISSIPPI GULF COAST — The state of Mississippi has bought 217 more acres of Cat Island to set aside for public use. About one-third of Cat Island is part of the National Park Service’s Gulf Islands National Seashore and BP purchased about one-third of the island following the 2010 oil spill from the Boddie family, which also owned the 217-acre ...

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One of city's oldest buildings gets new owners

NATCHEZ — A new owner plans to breathe new life into one of Natchez’s oldest structures. Natchez native, chef and restaurateur Regina Charboneau, her husband Doug and their son Jean Luc recently purchased King’s Tavern. Over the next several months, the family plans to clean up the property and eventually reopen the restaurant as early as September. King’s Tavern, also ...

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Stockholders approve sale of casino for $869M

VICKSBURG — The sale of Ameristar Casino will mark the second gambling house buyout in Vicksburg in less than a year. The stockholders of Las Vegas-based Ameristar Casinos Inc. last week approved the company’s planned acquisition by Pinnacle Entertainment. The all-cash transaction is estimated to be valued at $869 million. No change to Ameristar’s brand name was to accompany the ...

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Energy company looking to sell interest in Gulf oil field

NATCHEZ — Callon Petroleum Co. says it’s trying to sell its interest in a Gulf of Mexico oil field. The company announced its board has authorized Jeffries LLC to try to sell its 15 percent interest in the Medusa deep-water field and 10 percent in Medusa Spar LLC, the company that owns the production platform for the field. Chairman and ...

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The First buys Alabama bank for undisclosed sum

HATTIESBURG — The First Bancshares Inc. has acquired First National Bank of Baldwin County, Ala. Terms of the acquisition, announced yesterday, were not made public. Officials say the acquisition expands The First into Alabama with five new branches. The First will now have 24 locations in Mississippi, Louisiana and South Alabama. The First will now have approximately $970 Million in ...

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County to buy abandoned warehouse, industrial property

NATCHEZ — Adams County has agreed to buy a 450,000-square-foot warehouse at the Natchez-Adams County Port. County board of supervisors President Darryl Grennell says the warehouse will help economic development in the area. The warehouse on the Mississippi River houses products loaded on and unloaded off barges. The port has operated the warehouse for Valley National Bank since the bank ...

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