Mississippi taxpayers could help pay for two more malls that - TopicsExpress

Mississippi taxpayers could help pay for two more malls that squeezed in approvals before a law allowing sales tax subsidies expired June 30 The Mississippi Development Authority approved applications in June for $29.6 million in tax money to expand Renaissance at Colony Park in Ridgeland and $48.8 million to build Pinelands Lifestyle Center in Flowood. That brings to five the number of qualified malls. It’s unclear if either development will be built, at least at the scale required to obtain subsidies. If they are, it could push the subsidy tab across the state to $233 million for the one year the tourism-promotion law covered shopping centers with Mississippi-themed amenities. mississippipep.wordpress/2014/07/15/two-more-malls-squeeze-in-tax-subsidy-approvals-before-law-expires-could-push-tab-up-to-233-million/

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