The Jackson County Board of Supervisors today adopted a redevelopment plan that will allow the county to issue TIF bonds for $20 million to revamp Singing River Mall.
The vote was unanimous by the board.
The mall owners are planning a $90 million remake of the mall, including making it an open-air structure. The public bonds would be intended to help the developer take care of the public amenities, such as parking, streets and traffic signals.
There will be a public hearing Dec. 12 to allow the mall owners to discuss their plans for the makeover. After the public meeting, the county would then decide whether to issue the bonds, up to $20 million.
The bonds would be paid by the increase in property tax the revamped mall would generate.
Sunherald.com will update as more details become available.