- Associated Press - Monday, June 5, 2017

JACKSON, Miss. (AP) - Mississippi lawmakers are moving to resolve a dispute over lease payments for Gulf Coast waterfront property occupied by a casino.

The House has approved House Bill 5 , which would allow Secretary of State Delbert Hosemann to pay $1.59 million to the owners of Biloxi’s Point Cadet, which is now leased by the Golden Nugget casino.

The city of Biloxi would get $606,000, while the College Board and the state tidelands fund would each get $494,000. That formula follows a 2002 court settlement. Biloxi officials had asked a judge to order payment, but city spokesman Vincent Creel says the bill should end the dispute.

Lease payments stopped after lawmakers took the money in 2016 as part of a larger sweep of accounts.

Hosemann says he doesn’t expect the problem to recur.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide