Harbor Walk developer gets another extension - MSNewsNow.com - Jackson, MS

Harbor Walk developer gets another extension

Posted: Updated:

The Pearl River Valley Water Supply District has granted John Burwell another extension on his lease to build a new development at the site of the old Main Harbor Marina. It's the second time he's been granted an extension on building a $190-million-dollar development to be known as Harbor Walk.

Burwell has said he's run into difficulty raising the money in today's economic climate.

He says it is a 12-year-project, which was first announced in July of 2004. It includes a $40-million-dollar office building, a $100-million-dollar condo building, and a $33-million-dollar hotel.

Burwell says he has spent $25-million-dollars on the project, which includes new houseboat docks. He is paying a lease of $650,000 this year, and pad $450,000 last year to the state agency that operates the reservoir.

Powered by WorldNow