A glance at subsidies for malls in Mississippi

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News,Business

JACKSON, Miss. (AP) — Here's a look at the five developments approved for sales tax subsidies as "cultural retail" attractions in Mississippi before a law allowing rebates of 30 percent of investment costs over 10 years expired June 30. While the Outlets of Mississippi are complete, some of the other developments may not be built. If they're all built, subsidies could total more than $230 million.

Outlets of Mississippi

Location: Pearl

Investment cost: $80 million

Maximum rebate: $24 million

Outlet Shops of the Mid-South

Location: Southaven

Investment cost: $113 million

Maximum rebate: $34 million

Gulf Coast Galleria

Location: D'Iberville

Investment cost: $321 million

Maximum rebate: $96.3 million

Renaissance at Colony Park (phase 2)

Location: Ridgeland

Investment cost: $98.7 million

Maximum rebate: $29.6 million

Pinelands Lifestyle Center

Location: Flowood

Investment cost: $162.5 million

Maximum rebate: $48.8 million

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Source: Mississippi Development Authority.

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