- Associated Press - Wednesday, May 7, 2014

GULFPORT, Miss. (AP) - The Gulfport City Council will consider borrowing up to $15 million for construction to support Anchor Plaza, a development on about 90 acres at the northwest corner of Interstate 10 and U.S. 49.

The council voted unanimously Tuesday, without public discussion, to pursue issuing bonds for the development, where hotels are already under construction. Four hotels and six restaurants are planned. The vote included approval for a public hearing on the proposed bond issue, but no date has been set.

The Sun Herald reports (http://bit.ly/1s27f5E ) the council also unanimously approved, again without discussion, an agreement that will allow developers of Gulfport Highlands to install improvements the city plans to fund with a bond issue of up to $3 million. The bond issue was approved after a public hearing in 2011.


Information from: The Sun Herald, http://www.sunherald.com



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