Subsidy Tracker Individual Entry

Company: 
CBL & Associates
Parent Company: 
CBL & Associates
Subsidy Source: 
multiple
Location: 
Mississippi
City: 
D'Iberville
County: 
Harrison
Address: 
I-10 and I-110
Zip: 
39540
Year: 
2014
Major Industry of Parent: 
real estate
Specific Industry of Parent: 
real estate
Subsidy Value: 
$113,300,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
2,500
Capital Investment: 
$300,000,000
Source of Data: 

The value of the Tourism Tax Rebate is taken from: Jeff Amy, "Potential cost of tourism tax rebate balloons," Associated Press State & Local, February 10, 2014; available at: http://www.washingtontimes.com/news/2014/feb/10/potential-cost-of-touris.... The value of TIF, and job and investment data are taken from: Mary Perez, "D'Iberville goes with TIF bonds again in Galleria partnership," The Biloxi Sun Herald, October 16, 2013. Address and the project description are taken from the official website of the development: http://www.cblproperties.com/pag.nsf/AvailParcelsforWebCorp/B3C72BAF71C6...

Notes: 

CBL & Associates, developer of Gulf Coast Galleria mall, was approved for $96.3 million from Mississippi's Tourism Tax Rebate program, which returns 80% of sales tax collected at a development for 10 years or until the total collected revenue reaches 30% of the project costs. In addition to the state subsidy, the city of D'Iberville approved $17 million in Tax Increment Financing to build roads around the mall. Overlap with main Subsidy Tracker data: none.

Source Notes: 
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