Casino Tourism Bill Tax Incentives Signed In

by admin on March 17, 2009

Haley Barbour signed the tourism bill which will allow significant tax incentives to Casinos which build non-gaming attractions/amenities such as hotels, theme parks, convention centers or other venues that would give tourists more to do when visiting the Mississippi Gulf Coast.

The new bill will create many more opportunities for our area, both in recreation, jobs, and real estate. The Tourism Bill, House Bill 1467, will provide tax incentives to gaming institutions who build non-gaming establishments with a minimum investment of $10 million or hotels with a minimum investment of $40 million.

My predictions are that this bill will help stimulate casinos to build other attractions which would help the overall desirability of the area and produce numerous entry level jobs as well as a good portion of management level positions. Things that many residents miss from our area are things such as go-cart tracks, putt-putt golf, and similar smaller attractions which can now be done on a larger scale – I still miss Fun Time USA, which I can remember spending all day when I was a kid on the beach in Gulfport.

The easy access of the new Hwy 605 corridor that stretches from Gulfport through Tradition as well the Hwy 67 which creates a direct commute from Saucier (Hwy 49) to D’Iberville are my predictions for some projects. While some of the northern portions of these roads may see further growth times, you should expect to see something happening around the interchanges closer to I-10 and potentially in the Tradition area, where Hwy 605 and Hwy 67 meet, especially now that Mason Trendsetters is building in Tradition and bringing an affordable house plan to the community at a great value.

Investors:
Not only is our area the top-forecasted market for appreciation over the coming years, but with incentives like these, it makes it an even smarter investment. We are currently looking to investors who have a vision of the future on the Mississippi Gulf Coast, and want to get great properties in one of the strongest markets – which just so happens to contain some of the most under-valued real estate in the country.

Whether you are looking for immediate cash flow properties or are a little more financially able and looking to land-bank properties for future return – give us a call!

Casino Operators:
If you are looking for some great ideas to capture some of these incentives – I am open for discussion ๐Ÿ™‚

CALL OR EMAIL US TODAY for more information on investing on the Mississippi Coast!

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