KNOE 8 News; KNOE-TV; KNOE.com |Meridian named entertainment district
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Associated Press - July 23, 2010 10:04 AM ET
MERIDIAN, Miss. (AP) - The city of Meridian has been designated Mississippi's first entertainment district.
Secretary of State Delbert Hosemann and local officials made the announcement Thursday.
Hosemann says the designation will provide incentives to developers looking to move into the Meridian.
The program was created by the Legislature in 2009.
The program allows a local government to create an entertainment district in which businesses that sell tickets can get tax breaks for new or renovated venues. The venue would depreciate in five years compared to the normal 40 years.
The participating businesses must add a $2 fee to their tickets for five years.
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