Mississippi HB1729 authorizes the sale or lease of the Highway Patrol Headquarters Facility in Jackson for private redevelopment as a hotel.
Mississippi HB1729 authorizes the Department of Finance and Administration to sell or lease the Highway Patrol Headquarters Facility in Jackson for private redevelopment. The property must be redeveloped exclusively as a hotel, restaurant, or both. The sale or lease must be for not less than fair market value, determined by the average of at least two licensed appraisals. The purchaser or lessee must assume full financial responsibility for site development, including demolition of existing structures not needed for the approved redevelopment.
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