Biloxi City Council Held Heated Debate on Tax Abatement

Reported by: Alyssa Meisner
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 5/20 7:14 pm
The Biloxi City Council held a heated discussion over tax breaks for new businesses. Some council members argue each business' circumstances should be looked at individually, while others argue there needs to be a set tax abatement for all businesses. Rob Stinson, the owner of Salute in Gulfport, was one business in front of the council Tuesday, asking for a full, seven year tax abatement. The council ultimately voted to give Stinson a five year abatement with decreasing percentages each year. Stinson argued that complications with the project and the number of jobs he would create make him the perfect candidate for a seven year abatement.

Stinson says, “This is a very, very tough market we’re in right now, so you can throw numbers at me. I can throw them back. I guess we’re in a poker game of sorts. We’re in a gambling environment, but I think that the key point to me is it is a risk and what is going to mitigate that risk would be a tax abatement of 100%.” Kress Live was also on the agenda for a tax break and was given a similar five year abatement with no property taxes the first year and increasing taxes each year.


Share
Gulfport
86° Clear Feels Like: 88° F
High: 92° F
Low: 71° F
Wind: SW 6 mph


Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.
Persons with disabilities who need assistance with issues relating to the content of this station's FCC public inspection file should contact: WXXV TV Attn: Bobby Edwards 14351 Highway 49 Gulfport, MS 39503 Phone: 228-831-5200 Email: bedwards@wxxv25.com or Donna Ingram Phone: 228-831-5201 Email: dkgingram@wxxv25.com. To view our public file, visit the 'About WXXV' link at the top of this page. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 1-888-225-5322 or fccinfo@fcc.gov.

Copyright © 2014 WXXV-TV and Morris Networks of MS All Rights Reserved