[quote]Parties reach a deal, but GO Zone financing an issue[/quote]
A final, but unsigned, agreement is in place to build a long-delayed hotel across from the Jackson Convention Complex in downtown, although developers will have a narrow timeframe to sell tax-free bonds included in the project’s financing package.
“The dust is still settling on some details. We’re moving forward with (completing) that agreement,” said Porter Bingham, an adviser to the city on the hotel project.
But JRA has yet to issue about $96 million in bonds, including Gulf Opportunity Zone bonds that must be sold by Dec. 31.
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