D'IBERVILLE, Miss. (AP) - The D'Iberville City Council has approved development plans for the CanCan Casino and up to $24 million in tax-increment financing bonds to help cover costs of the infrastructure.
The Sun Herald reports (http://bit.ly/A0dYeC ) Chris Gouras, the city's public finance consultant, outlined the plan and explained how the TIF work on Tuesday.
Gouras said Phase 1 of the project on the Back Bay east of Interstate 110 would be an investment of more than $250 million for a hotel, casino and parking structure.
Phase 2 would be a French Village development north of the casino with retail and additional hotel rooms.
He said the city also has a grant pending with Mississippi Development Authority to contribute to the project.
Information from: The Sun Herald, http://www.sunherald.com
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