Council approves TIF, sets meeting for Mid-Town project

Council approves TIF, sets meeting for Mid-Town project
Hattiesburg city council

HATTIESBURG, MS (WDAM) - Tonight's City Council meeting was combined in two meetings since Monday's meeting fell on a holiday.

One of the biggest things mentioned tonight was the future growth in the city of Hattiesburg, and how the city will get help from various tax increment financing plans for those projects.

"It means development, it means that we are doing something different and it's a positive for the city of Hattiesburg, you know mid-town is right in the smack-dab middle of Hattiesburg," said Hattiesburg Mayor Johnny DuPree.

With council president Kim Bradley absent, the remaining members voted 4-0 passing items regarding a pair of tax increment financing plans.

" This is for businesses who are doing infrastructure and so what we will do, is the increase in the ad valorem tax that they would be able to use those to pay off bonds for building this infrastructure," said Ward 3 Councilman Carter Carroll.

One of the TIFs, a financing method used as subsidy for re-development or infrastructure in relation to the Hardy South Project is expected to bring a Planet Fitness gym near 49 and Hardy.

The other, set a public hearing for February 16th at 4 p.m. at City Hall regarding the TIF plan for the mid-town district project, which will include hotel Indigo and spaces for retail and restaurants, all to be located at the former Elam Arms dormitory site.

"It will bring a lot of tourism to this area, so I think it's going to increase our sales tax potential tremendously," said Carroll.

"In all that goes on along Hardy Street, it is an economic Mecca if you will, and hopefully it will continue to draw people to our area , it will bring things that we don't have necessarily in our area right here which gives people another reason or us as a destination place," said DuPree.