New Point Cadet Rent Agreement

The City of Biloxi comes to an agreement with the state on rent payment for the Point Cadet area.
Beginning October 1st, the city will receive a monthly payment for the four acres of property at the site of the Golden Nugget Casino. The rent agreement consists of $3.2 million a year which includes payments to the State Institutions of Higher Learning.
Biloxi city officials tell News 25 this has nothing to do with the Golden Nugget Casino, this simply provides a more timely method of payment for the city.
Biloxi Mayor Andrew ‘FoFo’ Gilich plans to ask the City Council to ratify the agreement on Tuesday during the scheduled meeting.

Categories: Local News, News

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