JACKSON, MS (WLBT) - With the King Edward Hotel open for business, it's now time to take care of the rest of East Capitol Street. Developer David Watkins is spearheading that effort, too.
Dilapidated buildings line the other side of the street, not the best view for visitors to the new hotel.
But restoring those buildings will only cost about $12 million, compared to the $90 million price tag for the King Edward.
"We don't have signed documents, we have a handshake agreement which means we still have work to do, but we're very close. We plan to start work in January," said Watkins.
The King Edward Revitalization Company, of which Watkins and Deuce McAllister are partners, own the two end buildings on the strip. Most of the others will have to be leased from the original owners.
"It's very complicated deal so it will take us 30 days to do the legal work. We'll have MOU's before then to start doing some shoring up, clean up work," Watkins says.
Some of the elements inside the old buildings date back to 1850, so developers must make sure they maintain the historical integrity of the structures as they're restored.
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