Category Archives: Real Estate

Terry Brown Ampitheater Looking Good, Could be Ready to Rock Within Two Years

COLUMBUS – Courtesy of the Dispatch

The Columbus-Lowndes CVB Tourism Partners recently gave a preview of the (still under construction) Terry Brown Ampitheater to a number of its members. Pjase I of the construction was completed in 2007, but Phase II is still pending funding to the tune of $2.5 million needed to complete the project. It is hoped that it will be ready to rock by early to mid 2020.

 

City engineer Kevin Stafford provides details of the plans for the Terry Brown Amphitheater during a tour of the facility Tuesday morning. City officials hope the venue will be ready to for its first event in spring 2020 as they await $2.5 million in funding needed to complete the project. Photo by: Slim Smith/Dispatch Staff

The venue is planned to have a seating capacity of roughly 3,500 including seating for 1,800 on a grassy area, according to city engineer Kevin  Stafford: 1,100 hard-back seats plus a table-and-chairs area for VIP use and an open area nearest the stage that can be altered as needed for any given show.

Rep. Jeff Smith, the House Ways and Means Committee chairman, said that they hope to receive enough state bond money to complete the project in the upcoming year, but it’s uncertain whether enough will be incoming to meet the $2.5 million goal. Mayor Robert Smith suggested that a 2% county-wide restaurant tax could provide $2 million annually for tourism and economic development. Per an existing resolution, $400 thousand of that could be used each year for parks and recreation.

As part of the joint resolution between the county and the city that will be used to craft the legislation, $400,000 annually would be provided to the city for parks and recreation: “We are going to be talking to our local legislative delegation about both the bond money and the 2-percent money,” Smith said. “We know there is going to be some bond money to help complete (the amphitheater). We don’t know if we’ll get the $2.5 million we need, but if not, the plan is to use some of the 2-percent money, which would be more than enough to complete the project.”

Please click here for the full article.

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Lowndes County Sportsplex Greenlit by BOS

LOWNDES – Courtesy of the Dispatch

A major quality of life improvement has now jumped one of its most important hurdles.

Lowndes County is executing a purchase of 89 acres of property west of Columbus it hopes to convert to a regional sports complex. The purchase price of $840,000 is $50,000 less than the land’s appraised value.

The Lowndes County supervisors voted to purchase an 89-acre parcel of land in the western section of the county to build a sports complex; the vote was unanimous, following a clearance authorization from the FAA in order to make sure that the new construction will not interfere with an existing nearby FAA facility. A buffer zone will need to be established at one end of the property, leaving 69 acres usable by the County.

“That’s more than enough land for what we want to do,” Board president Harry Sanders said, “so I think we can go forward with this.” While some discussion asked about simply not purchasing the “buffer zone” part of the property, it was soon explained that it was all a package deal, and that leaving that part out would actually cause the price to go up from the agreed-upon $840 thousand price tag. The cost will be paid out over eight years, with no interest charged, and reflects a discount of $50 thousand below the assessed value of the property.

District 2 Supervisor Bill Brigham commended that “As far as that part of the property, there still may be something we could use it for that the FAA would approve, maybe a walking path.” He went on to speculate that “The system out there is going to be obsolete one of these days and that part of the property will be usable. . . Let’s go ahead as we planned.”

The board agreed, voting to make its first $100,000 payment on Nov. 15 of this year.

In other board business, supervisors dealt with the question of how to fill the county prosecutor position that will become open in January. Current office-holder Allison Kizer will leave that position after being sworn in as county judge, for which she is running unopposed next month.

“It could be that for some of us, whether or not the person wants to run again is OK, and for others it might not be,” District 5 Supervisor Leroy Brooks said. “I think we should just let that play out and see how the votes go. There’s no need to do anything else.”

Supervisors set the deadline to apply for the county prosecutor position for Dec. 3.

Please click here for the full article.

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Columbus and Starkville Have Some New and Returning Businesses to Support

Courtesy of the Dispatch

COLUMBUS

Columbus Inn & Suites across from the Magnolia Bowl is up for sale to the right entrepreneur. The building, located at 506 Hwy 45 N, has 90 rooms, a fully-equipped restaurant, kitchen, pool and meeting areas. The asking price is $1.45 million.

Window World recently opened its doors at 134 Lincoln Road, next to Walmart, earlier this month. It is part of a 200-store chain that services both interior and exterior window needs of all kinds. They are open Monday through Friday 8 a.m.-5p.m and Saturdays from 9 a.m.-1 p.m.

Waldrop and Co. Real Estate has now moved in to the old Cross Golf Cart building at 5736 Hwy. 45 N.

Grassroots Natural Candle Company has come back, having moved across the street to 127 Fifth St. N. Offering a wide variety of fragrance products (not just great candles!), they are open Monday through Saturday from 10 a.m.-6 p.m. and Sunday from noon-5 p.m.

STARKVILLE

Twigs Nursery and Landscaping at 7653 Oktoc Road opened for business last week. MSU graduates Kody and Kandiace Brown offer a variety of plants, flowers, arrangements, seeds, pots, garden tools, Mississippi-made items, pottery and of course landscaping. It’s open Monday, Tuesday, Thursday and Friday from 9 a.m.-6 p.m., Wednesdays from 9 a.m.-4 p.m. and Saturdays 9 a.m.-5 p.m.

Please click here for the original article.

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Breaking News on Leigh Mall

COLUMBUS, MS – Article attached below, Courtesy of the Dispatch

Colin:

 

Leigh Mall on Highway 45 in Columbus is up for public auction as collateral on a defaulted loan, according to a public sale notice in today’s edition of The Dispatch – File Photo from the Dispatch

Best thing that could happen. The out of town owners misjudged the market and passed on several solid opportunities recently(IMO.)

 

After the ownership group balked at several multi-million dollar offers over the last few years, the mall is up for auction. The LINK, recently defunded by the city council, had secured at least two offers aimed at rehabbing the mall over the last 5 years that were ignored by the current owners.

The big challenge is really that this is not a single property call for sale, but a full asset “foreclosure.” Some companies allow this to happen as part of a buyout or restructuring- but it is often a sure sign of distress.

Luckily for Columbus, Leigh Mall is one of the most valuable assets the company owns and would be one of the first “sold off” in either case.

I’d hope an outlet mall or redevelopment group would make a fast charge to the property(as they have done in the past.)

Big time news in any scenario, and heads up news gathering by Zack and the Dispatch.

Worth mentioning I wouldn’t expect the mall to actually close at any point.

http://cdispatch.com/news/article.asp?aid=68840

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Football and Spices and Bars, Oh My!

GTR REGION – Courtesy of the Dispatch

1920 Hwy 45 in Columbus will soon be the home of a new sports bar called “Yo’Bar.” The venue is the brainchild of Ledrico Isaac, who has been working hard on the idea for nearly five years.  The place will have food and drink as well as a mechanical bull, karaoke, football games on the TV’s.

On a related note, The Elbow Room will re-open (under its original ownership) while they look for a buyer. They’re asking for just under $190K, including their recipes book.

Rex’s Direct Foods on Alabama St. was recently purchased by Slyvia Graham, a loyal customer who jumped at the chance to buy the store when the original owner decided to retire. She hopes to expand the variety of items on offer.

In Starkville, variety shop Tuesday Morning has moved to its new location at 402 Mississippi Hwy 12.

In Clay County:

Peco Foods will be holding a job fair this Saturday from 10AMto 2PM at the EMCC CMTE Building in Mayhew. Interested applicants should register with www.mdes.ms.gov.

The West Point Peco location is hiring maintenance technicians, management-supervisors, management trainees, experienced forklift operators, and refrigerator technicians.

Please click here for the original article.

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Local Business News in the GTR – Sept 9, 2018

Local Business News in the GTR – Sept 9, 2018

GOLDEN TRIANGLE REGION, MS – Courtesy of The Dispatch

WEST POINT

The nonprofit group The Regional Foundation for Mental Health and Intellectual Disabilities recently announced that they had purchased Hoover’s Bakery, and that they are planning to reopen it this October at its new location at 58 Hwy 45 N in West Point, replacing the former Wendy’s location at that spot. The recipes will stay the same, according to the announcement. The new owners are also hoping to hire some people with either mental or intellectual disabilities in order to provide them with gainful employment, in addition to its normal complement of bakers and other staff.

STARKVILLE

The owner of Cappe’s Steak and Seafood, Eric Hallberg, announced that the venue has been closed, and that the building is up for sale. Starkville Properties is listing the 2,091 sq ft building for $450,000. Mr. Hallber has elected to focus his efforts more on am existing new venue – Cappe’s in the Park, at 60 Technology Blvd; as well as a new venue which is scheduled to open in 2019.

Hallberg is also planning to open another new restaurant: Chicken Salad Chick, an Alabama franchise, which should be open this coming January at 602 Highway 12.

This weekend, a locally owned hardware store is celebrating its 80 years of business with free refreshments and hot dogs. East Mississippi Lumber Company, 300 Russell St., will have the food from 11 AM to 2 PM, and they will also have a “bucket sale” going on all weekend: 20 percent off anything that fits in the hardware bucket they provide.

NEW HOPE

Work has begun on a new Dollar General store at 1642 Pleasant Hill Rd in New Hope. They are planning to hire up to ten employees and to open up early next year.

Please click here for the full article.

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Starkville Habitat for Humanity and MSU Collaborate on Tenth Maroon Edition Home

Starkville Habitat for Humanity and MSU Collaborate on Tenth Maroon Edition Home

STARKVILLE, Miss. — Courtesy of MSU

Habitat for Humanity groundbreaking in Starkville (photo courtesy of MSU)

Mississippi State University and Starkville Area Habitat for Humanity recently broke ground on their tenth Maroon Edition home. The project, which has been going on for about a decade, provides homes to Habitat-eligible families in the area who need the help, with emphasis on those who are students and/or otherwise associated with MSU. Construction on the home will take place this Fall, with the help of Habitat and MSU volunteers.

MSU President Mark E. Keenum Habitat for Humanity with a $5,000 check from the university during the event. “I’ve now been a part of 10 homes and it’s something that I’m very proud of,” Keenum said. “We’re about helping other people. A lot of the people working to build this home will be employees, retirees, and more importantly, students of Mississippi State. What better experience for students to share than to help someone have a new home?”

All in all, the Starkville Area HfH has now built, or otherwise supplied, over sixty homes to local families in need. Students are encouraged to volunteer to help out on these projects; roughly 3,600 volunteers have become involved and generously donated their time, effort, and expertise over the years.

“When you look at the Habitat website, it says that we solidify and build strong communities,” said Charles Ware, Starkville Area HfH president. “What it doesn’t say is that it’s a game-changer for the new homeowner.”

The new homeowner, Lou-Quan “Quan” Lucious, pitched in to help build a new home for a friend of hers last year: “I learned a lot working on [the] house,” Lucious said. “It showed me that I have to work hard for something I really want. I had to put work into it to get this. I had to put my mind to it.”

“Habitat, for me, is about creating homes and creating spaces where families can live and grow and learn and love each other,” said MSU Vice President for Student Affairs Regina Hyatt. “We are delighted at Mississippi State to be able to send students here to help create hope.”

More information about the program, for both potential homeowners and for volunteers, can be found in the full article here.

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Glo Shines on in one of Mississippi’s Favorite Towns [VIDEO]

Glo Shines on in one of Mississippi’s Favorite Towns

STARKVILLE – Courtesy of getglo.com

Hagan Walker of Glo with some of their glowing ice cubes – courtesy of the Starkville Daily News

Hagan Walker of Glo, am innovative local company that makes liquid-activated glowing ice cubes, among other clever items, recently released a video celebrating Starkville businesses and the beauty of the town in general. This is the third in a series that they call “East Lampkin,” and it was inspired by Mississippi Magazine’s recent announcement that they had voted Starkville as their “Best Place to Live” in the state. Their youthful energy could very well serve as a positive example for us all.

An excerpt of his blog follows:

“Pals of Glo,
Right after Episode One of East Lampkin aired, it was really amazing to see how many people tuned in – almost 10,000! Thank you! We had people all over the USA, and beyond, that watched the first episode.

Our small town of Starkville was just named “Best Place to Live” by Mississippi Magazine and we couldn’t agree more – so we’ve taken a slight segue in this video to simply show Starkville – and list below how this small town has been a huge positive for our company.

The probability of a company becoming “successful”, which we’ll define as being profitable, correlates strongly with cost of living, various support structures, the product/service offering, among others. In Starkville, we’re able to pay our employees decent wages, we have wonderful community support, and we want to showcase that. We believe more than having a successful company is having a company that is creating jobs, creating a positive impact on the community, and working to create products that people love. Our town of Starkville has allowed us to do that, and we’d love for you to see the town that we slowly have learned to love.”

Please click here for the full article and their video showcasing some of the best Starkville has to offer!

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New Phase of Lowndes County Horse Park Has Begun

New Phase of Lowndes County Horse Park Has Begun

COLUMBUS – Courtesy of The Dispatch

Lowndes County Board of Supervisors President Harry Sanders

“I got to thinking about how children in high school don’t enter these anymore, which is why we’re building (the park),” Lowndes County BOS President Harry Sanders recently remarked.  “Maybe we can get kids interested again in things we used to do when we were kids.”

He was speaking of the Lowndes County Horse Park which is situated on a 22-acre site west of Columbus, just off of Hwy 82 on Tom Rose Road. Sanders hopes it will become the perfect venue in Lowndes County to hold horse shows, livestock shows, county fairs, and other outdoor and agricultural activities. The site currently Lowndes County Extension Service office on 485 Tom Rose Road. Extension Agent Reid Nevins said the location has helped the department grow significantly within the past year:  “(The building) has been a godsend,” Nevins said. “Since we moved in during April of last year, we have had over 5,000 people walk through those doors. … That’s not phone calls, that’s coming in the door and interacting and asking questions and participating.”

The next phase is the horse park — a planned 45,000 square-foot open-air arena, which is projected to be completed in 2019.  Construction is set to begin before October of this year.

At least at the beginning, “[this] will mainly be used for rodeo show horses … the EMCC rodeo team doesn’t have a place to host rodeos,” said Sanders. “They’ve agreed to host their rodeos at our arena. That’s going to draw in a lot of tourist dollars. … It’s going to get used.”

“The sky’s the limit, let’s just put it that way,” Nevins said.

Please click here for the full article.

 

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Yokohama Going Strong as it Approaches its Third Year in West Point

Yokohama Going Strong as it Approaches its Third Year in West Point

WEST POINT, MS – Courtesy of the Mississippi Business Journal

The front entrance of the Yokohama Tire plant in West Point. (credit: The MS Business Journal)

About three years back, Yokohama Tire Corp. president Hikomitsu Noji had been looking at sites in nearly every state of the union to find the perfect location for their first “built from scratch” U.S. Facility. Once he got a good look at West Point, he decided that this was the place for his $300 million baby. The city and county, at the time, was still suffering the long-term aftereffects of the 2007 closing of the Bryan Foods plant, which eliminated over 1,200 jobs. Fast forward to today, and the plant employs 650 full-time employees – they had originally anticipated 500 – and they hope to add nearly triple that in the future.

“It’s been all positive and we couldn’t be more pleased with having Yokohama here,” said West Point mayor Robbie Robinson. “There’s always hiccups with any new venture and there have been some. When they chose to build the facility here, it was like we hit the lottery. . .West Point and Clay County are very happy.”

Joe Max Higgins, GTR LINK CEO and vocal  promoter of entrepreneurship in the GTR, took Noji and others on a helicopter ride that included the ruins of the old Bryan plant: “The Yokohama president told me ‘I want to see Sara Lee’ and we loaded up in the helicopter we’d rented for the day and took three or four passes over the demolished site”, said Higgins. “After the fourth pass, the man just looked at me and nodded without a word. There was an emotional connection. . . I knew at that moment that we’d landed Yokohama.”

Dan Funkhouser, Yokohama’s vice-president of commercial sales noted that the addition of the West Point plant is critical to the company’s continued growth in North America: “The commercial tire market is very strong and growing,” he said. “Both the replacement and OEM tire markets are expanding. This fits in perfectly with the Mississippi plant, which will increase our capabilities to service our OEM and replacement partners as they grow.”

Higgins proudly stated,“I think West Point and Clay County have turned the corner.”

Please click here for the full article.

 

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