MBJ_Mar22_2019

Page 1

INSIDE — Why it’s important to diversify your investments — Page 3

40

DINING

YEARS

1979

www.msbusiness.com

March 22, 2019 • Vo. 41 No. 12 • 16 pages

ECONOMIC DEVELOPMENT

GULF COAST

Seafood R’evolution to close; CAET will move in

MISSISSIPPI AQUARIUM SPURS DEVELOPMENT IN DOWNTOWN GULFPORT

— Page 6

By LISA MONTI mbj@msbusiness.com

MBJ FOCUS

Architects & Engineers {Section begins P7} » Weir Group’s Newton foundry plans expansion that will add 150 high skill jobs

{The List P9-10} » Largest Architectural Firms

Swooning film industry awaits outcome of incentive revival effort By JACK WEATHERLY jack.weatherly@msbusiness.com

LEGAL BATTLE {P2} » Homeowners take Costco gas station ruling to highest court

2019

The movie industry in Mississippi has dropped precipitously since a key incentive was allowed to sunset on July 1, 2017. But legislation to restore that incentive – a cash rebate of 25 percent of the payroll for out-

of-state cast and crew members – has made it to the final stages of approval with strong support in both houses of the Legislature. Passage “looks good. It’s the best it’s looked in a couple of years,” said Ward Emling, former longtime director of the Mississippi Film OfSee FILM, Page 2

The $93 million Mississippi Aquarium is coming out of the ground on the East Beach service road in Gulfport, on track to open late this year or by early 2020. The attraction is expected to draw as many as 500,000 visitors a year and generate $340 million in annual revenue. It’s also gotten the attention of developers, and prompted other projects in the coastal city’s packed downtown. There’s the transformation of the historic Markham Building, shuttered for years, into a luxury 124-room Hyatt Place. Down the beach a bit at the sprawling Centennial Plaza, once a VA facility and long dormant, a 150room Holiday Inn Resort, a large restaurant, a water park and even a wedding venue are among the $145 million makeover. New office buildings and a Patio 44 restaurant are among smaller but significant additions to downtown. Gulfport spokesman Chris Vignes said the construction activity at the aquarium and Centennial Plaza is moving “at an impressive pace” and the action is generating even more interest. “Developers from outside markets are coming in daily. They want to be a part of it because of the attention we’re getting,” he See AQUARIUM, Page 2

http://msbusiness.com/mississippis-top-tech-awards/


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