Leroy Smith issued a press release about his interest in Farish Street:
Statement from Leroy Smith, President, LCSLAND Development LLC Regarding Farish Street
I have been working for over a year to take over the development of the stalled Farish Street Entertainment District. I am committed to the project.
I represent a group of private investors in Colorado who see Jackson as an undeveloped, but emerging and attractive, market for long term real estate investment. We believe that Jackson has enormous potential.
We have carefully studied various projects and proposals in and around Jackson. Our study and selection process has led us to focus on the Farish Street Entertainment District as our first project. The Farish Street project will be a catalyst for a new wave of economic development for the city.
We intend to invest $100 million in Jackson, $25 million in the first 18 months. However, our investor group is requiring us to secure the rights to develop Farish Street and acquire the property before the end of the year, or they will look to other comparable secondary and tertiary markets in which to invest.
We welcome the news that Judge Thomas has ordered a meeting of the JRA to hear our proposal. We believed they will be relieved and excited.
Our proposal is quite simple. We have agreed to pay $1.5 million, plus penalties and interest, to the JRA to repay the HUD CDBG repayment demand, in exchange for title to the property. That is the crux of the proposal. Our group is prepared to close on this transaction in 10 days. Once we have title to the property, our team will immediately resume construction of the entertainment venues and will have 5 venues open for business in one year.
The JRA has indicated a desire to have some control over the property, even after we buy it from them. We will agree to some controls provided that the JRA/City match our private investment, dollar for dollar, up to $25 million.
Our $100 million master plan calls for additional development projects in downtown Jackson, in West Jackson, near Jackson State and in other areas as well. The $500,000 for the Atmos building was added
Thursday, November 12, 2015
Group says it's prepared to invest $100 million in Farish Street project.
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Trollfest '09
Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.
Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).
Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.
Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".
In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.
In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.
Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.
Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!
This is definitely a Beaver production.
Note: Security provided by INS.
Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).
Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.
Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".
In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.
In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.
Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.
Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!
This is definitely a Beaver production.
Note: Security provided by INS.
Trollfest '07
Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.
There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.
If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!
This is definitely a Beaver production.
Note: Security provided by INS.
There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.
If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!
This is definitely a Beaver production.
Note: Security provided by INS.
48 comments:
DAYUM!
It's great that a developer with a proven track record is coming in and making big promises about developing the Farish St corridor. Nobody has ever tried that before, right? Oh, wait...nevermind.
good job debbie downer at 5:06. #pricksrulethisblogspot
Sell before they sober up!!!
#ShowUSthePROVENTrackRecord
You read it here first.
This is the biggest load of bullshi^ you will ever see.......
However, our investor group is requiring us to secure the rights to develop Farish Street and acquire the property before the end of the year, or they will look to other comparable secondary and tertiary markets in which to invest.
"Enormous potential", been "working for over a year to take over" but do as we say immediately in the next 49 days or we walk away. Bluff bullshit.
Say no more. Walk away.
Leroy, what happened in North Carolina? Come clean.
I thought Jackson was broke. Matching them dollar for dollar up to $25 mil should be out of the question. If this is a good deal, it will be a good deal without tax money. Sell the the property for a fair price and let them finance their own development.
Hurry and make up your mind. Three other people are looking at this car and it will be gone before the end of the week. Bring your cash tomorrow or you'll miss out. We really want to work with you on this, but you have to decide, like, in two days!
Just read his LinkedIn profile.
This development will never happen (successfully for Jackson, that is)
Hide and watch
Did David Watkins put this deal together? Simple question.
Maybe they can take over the "development" at Harbor Walk as well.
At lease David has and is trying. No one in their right mind will invest real money in Jackson now. When this first started 20 years ago but not now.
for once, Kingfish, I wish you would just require just for 24 hours all bloggers to identify themselves before they post. There are so many Jackson haters out there, it's just a bit sad and tiring. Give it a break guys. What would it take to satisfy you? Never mind, I know the answer to that question.
Thank you sir, may I have another? Read the announcement, they want Jackson to put up $1 for every dollar they put up. And they want the property for less than market price. Don't be surprised if others make press releases with similar proposals. Why not?
No one in their right mind will invest real money in Jackson now.
So let's soak the taxpayers to pay for the pipe dreams. LOL
Anyone read the fine print that Leroy and Davey expect the JRA to get their project approved for the now defunct State Tourism Tax Rebate program? Like that is going to happen.
Blame it all on David Watkins or Ben Allen. They are to blame for all of this. Shameful!!
6:39 what if he did? He also put together the King Edward and the Standard Life deals. The difference there is that the JRA didn't have control over the development. That's where Watkins screwed up.
When I was a young boy growing up in Jackson, I can remember when the Baptist Children's Village occupied the grounds where Jackson Mall was built.
I remember When Frost Top and Gibson's Discount Center were at Hwy. 80 & Ellis Ave.
I remember when McDowell Rd. was a 2 lane road....
And I remember the Farrish St. project was promised to be completed in a timely manner.
It takes more than 45 days to close on a modest house. This is grandstanding at best.
So, if I have this right, any comment or question that calls these snake oil type deals into question is a 'I Hate Jackson' post. And anybody who questions Ben Allen, Watkins, Leroy or Yarber comes from a suburbanite who is afraid to identify him/herself.
And, further, if I'm understand correctly, in order to be taken seriously and embraced by the Fondrenites and skinny-jean crowd, one must comment favorably on pipe-dream deals, collusion, wasting of taxpayer money, ineffective leadership and the boondogle-ry that seems to overshadow just about everything south of County Line Road. OK.....Got It!
Man comes to town with checkbook. he offers to take over whole farish st mess and end the litigation (i.e., no more legal fees) and get city out of HUD trouble and end the Watkins claims against the JRA. he offers to do whole damn thing on his own dime. Oh yea, one more thing, he says if JRA wants control, they've got to pay to play, otherwise stay out of his way.
what's wrong with this picture? ABSOLUTELY NOTHING. That's why it ain't gonna happen.
If the JRA will come up with $1.5 million and the city toss in another $1.5 million I will repave all the city streets and fix the sewage lagoon within the next two years. But I need to close on this deal within 45 days. The money must be wired to my offshore account, which I will promptly transfer to another account. I have lived in Jackson all my life and am simply doing this to repay the city for all it has done for me and my family. I hope no one thinks this is con. I double-dog promise this is on the up and up. I will however be unavailable beginning January 1 so I can seclude myself while I plan this project. Please respond quickly so we can get started.
Jackson took David Watkin's money and ran. All the required insider deals make it impossible to do business with Jackson. I've got 2 parcels left in the city limits and when they're sold, I'll never go back.
6:01pm. Yep, the city is broke. Anybody have any idea how much money JRA has spent in last decade on legal fees? And bond fees? and,what do we have to show for it? lawsuits from developers, jury awards against the city for bad faith. those folks don't even know how to hire staff without botching it up. Yarber had a chance to clean house and get JRA back on track. I guess he's too busy listening to contributions and trying to make socrates richer. yea, we got big problems here.
the colorado man proposal is the first thing to make sense in a while. let him buy the damn thing, get the jra out of his way, and see what he can do with it. apparently he only wants money if jra wants control. if he fails, well, at least the property will be back on the tax rolls and in the private sector. if jra gets out of the picture, something will eventually happen. hell, they tried everything else, why not give this a try. can't be any worse than what we've got now.
Cable Car Tours Daily
If you support your opinion with facts and without resorting to pejoratives, why you think it's a bad deal, then you aren't someone who trashes Jackson for sport.
Otherwise, you are a transparent Jackson hater and are announcing to the world that you are ill mannered, too intellectually challenged to defend your opinions with facts, and mean spirited as well.
There is absolutely nothing in this guy's background that suggests that he has $25 million in cash or that he could remotely handle a development like this. The guy hardly exists on Google. This is like that huckster from New York.
BE WARY JRA. This guy does not add up.
Glad to see Cathead vodka moving into thus area of jackson from madison county. The new 20,000 foot space will be awesome. It also makes since considering they are city of jackson residents.
1. The HUD bill gets paid. If I'm not mistaken, that can mean $500,000 or so a year to the city. Correct me if I'm wrong.
2. Government owned land is placed back into the private sector.
3. The language for the sales tax rebate program is just that- language. It is placed in there just in case the state ever reinstates that program. It is now defunct as the parrot.
I've got this bridge connecting Manhattan and Brooklyn and need to sell it today to invest money in different markets.
I have no problem with the state selling them the land outright and letting them put all the private money they want into it. I do have a problem with trying again, and again, and again with public funds into something that's an embarrassment.
The state could put money into the parts of downtown Jackson that do have life--the area around the lower part of state street. (Hal and Mals down to the South.)
What ever happened to the Old Capitol Green? HarborWalk? The outlets in Gluckstadt (NeuMarkt??)
Somebody enlighten me as to why the Atmos property is in play. The recent fire makes that building a candidate for demolition...which is going to cost a bunch of money. The land is next door to Vagrant (Poindexter) Park and the old school building which now houses JPS food service. And behind that a bunch of substandard houses.
<<**>> DO YOUR RESEARCH JACKSON <<**>>
Ol' Leroy C. Smith only incorporated LCS Land Development, LLC in Colorado ....
Wait for it ....
YESTERDAY, November 12, 2015
Then go to Google Maps and check out the incorporation address:
2665 N Madison Street
Denver, CO 80205M
But hurry, hurry, hurry and sign the deal or else Leroy is going to take his marbles elsewhere!
Gee, pie in the sky promises of huge development dollars. Never heard that before. Why wouldn't everyone ignore the warning signs and dance in the streets? I guess because they hate hip hop and black people in Fondren.
So much hatred for Jackson! #pricksrulethisblogspot There's absolutely no way it could be reasonable people who are tired of false promises and scams designed to divert money away from road and sewer improvements. It can only be racism. Just ask Commiekaze, who is blaming racism and hatred of hip hop on Fondrenites' complaints regarding the 3rd Eye music fest.
So, will they be hiring robots to park the cars on Farish Street? If they do, they should take a tip from the highly professional Brad Franklin and name them rapper names, like Kamikaze or Animosity.
Who will pay the State , MDA, back the $8 million loaned to the developers over the last few years? I think Watkin had been on the hook for this before JRA made this a legal nightmare.
Love the Lawyers fighting in court. There is a little justice left.
So the JRA enters into a MoU with a company that didn't exist. Par for the course.
Carrying water Kingfish?
Now why doesn't David Watkins and Ben Allen want to talk about Leroy's days as COO of Trisomy Success and the debacle with the Park Towne Apartments on Northview Drive? What happened to those redevelopment plans Leroy? Can you give us an update? While you are at it Leroy, how'd that multi-million dollar redevelopment project at Barber-Scotia College work out? Hmmmm.
10:28
Why the skepticism? I heard Leroy is working closely with Lyle Lanley. I'm sure THIS project will succeed and all Jackson's problems will be solved.
Seriously, what happened on the projects you mentioned?
Did anyone besides me start reading that and envision a nigerian on the other end of an email asking for everyones social security number and bank account information because I was an heir to the king of boomshockalocka, nigeria and I have a
great sum of moneis" due to me?
So, Is this another con-man?
Hello, Jackson! My company is called WE BE BUILDIN' LLC and we were incorporated in Alaska this morning. My partners and I are prepared to spend TWO BILLION DOLLARS on Farish and pledge to you that we will have seventeen blues clubs up and running in time for next year's WBBLLC Blues Fest and Gay Pride Parade on May 1. We promise! Really we do!
One condition - we must be allowed to buy all the property by Christmas and the city and JRA must match us $3 - $1. That will cost the city $75 million, but it's a pittance compared to the TWO BILLION DOLLARS we will be spending.
Oh, yeah. We're also going to build a bunch of green office buildings, and 4000 mixed income housing units with a robotic parking garage.
And a skyscraper, because Jackson needs one. A big one.
Trust us.
2:41. Feel better now? Got that jackassery out of your system? Any other pleasantries you good for before the weekend starts?
Enjoy your weekend, prick.
All this explains the recent behind the scenes machinations to suddenly re-jigger the JRA BOD. They got to pull of the plunder of city coffers before the next muni election because Yarber's re-election prospects are not looking good.
I am not really concerned about Leroy Smith nor his investors. For starters he failed when he attempting to rebuild a multi-family complex in the Meadowbrook area. This project is still an eyesore. Next, he attempted to redevelopment the Sephrenia Health on North State Street across from the Baptist Medical Center. I think he spent a ton of investor funds on a deal on the Gulf Coast that went under. This guy is snake oil at best. JRA and it idiot Board of Commissioners are a joke as well. There was only one bright spot on the JRA and she was removed.
I'm glad I moved from Jackson. I would definitely suspect that Harvey Johnson and Tony Yarber are running the City of Jackson in the hole. It's time for someone to investigate this lack of fiscal accountability.
Big surprise, Leroy and David didn't show up at the meeting today to pitch their new proposal.
http://www.clarionledger.com/story/news/2015/12/16/watkins-no-show-jra-meeting/77425930/
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