White House Hotel gets partial tax incentive

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News,Business

BILOXI, Miss. (AP) — The Biloxi City Council has voted to give White House Hotel a five- year, 100 percent tax abatement.

Cono Caranna, general manager of the White House, told The Sun Herald (http://bit.ly/1oMFdwr ) the investors had been promised more when they undertook the $3.5 million restoration.

Caranna said investors were seeking a seven-year abatement.

"We truly feel that we brought something back to Biloxi that isn't here today," said Caranna.

The Post-Katrina Commercial and Hospitality Industry Economic Recovery and Redevelopment Plan was adopted by a previous Biloxi council in 2012 to help bring business back to the beach and downtown. It awarded developers with a larger tax incentive.

That criterion was cited by Caranna.

A vote Tuesday on the seven-year tax abatement failed on a 3-3 tie. The five-year abatement passed on a 4-2 vote.

The White House investors plan to open the hotel in July. Barrington Development LLC of Ridgeland bought the property in 2013 from White House Properties, held by the Love family for decades.

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Information from: The Sun Herald, http://www.sunherald.com

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