- Associated Press - Wednesday, December 30, 2015

BILOXI, Miss. (AP) - Two of Biloxi’s biggest developers saw their requests for tax abatements cut in half by city officials.

Council members say the city needs the revenue and they think the 50 percent offered is fair.

Barrington Development, which plans to turn the vacant Santa Maria del Mar into an upscale hotel, and RW Development, which wants to build a bowling alley and other attractions at Big Play Family Fun Park, requested the full tax abatement of 100 percent of their ad valorem taxes for the improved value of their projects for seven years.

The Sun Herald reports (https://bit.ly/1QZ2CdT) the council voted Tuesday to give them 50 percent for five years.

The incentive program forgives the property tax on the improved value of the project, but not on the land or the school tax.


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

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