Prospect leases port land

Published 12:05am Tuesday, March 6, 2012

NATCHEZ — A $37 million industrial development project has signed a contract to lease a small tract of land at the Natchez-Adams County Port, Natchez Inc. Executive Director Chandler Russ said Monday night.

Russ told members of Natchez Now LLC at the group’s quarterly membership meeting that the property was a portion of a larger project.

Natchez Now is the private sector funding group that, along with Adams County and the City of Natchez, funds Natchez Inc. — the public-private partnership that leads economic development for the area.

The details of the project, Russ said, would be announced in April.

Adams County owns the approximately five-acre plot along L.E. Barry Road, Russ said. The lease contract contains “a ton of claw-back provisions,” he said.

Such claw-back provisions generally allow an industrial lease to be nullified by the landowner if the entity leasing the property does not fulfill its obligations.

Russ also said Natchez Inc. is working on several other economic prospects.

“We are currently working with 13 active clients, representing approximately $2 billion in potential investment,” Russ said. “Of those, 10 are port-related.

“These are not tire-kickers. They represent serious money.”

Russ said city and county leaders — public and private — need to be thinking about how to keep land along the river accessible to industrial prospects.

“Long-term, this group, our group, county, city, everybody involved. We’ve got to figure out how to continue to make property available and accessible to business clients on this river,” he said.

  • khakirat

    No mention of how many jobs or county commentments we need more meat in this article please??!!

  • Anonymous

    “The details of the project, Russ said, would be announced in April.”

  • khakirat

    Come on now it could list jobs and how many whether it happens are not??!!

  • Anonymous

    i know ya’ll get tired of this, i know i would.  one reason i never became a soap-box watcher was the best part was held off until the next episode, above all, the week-ends created great depression.  my auntees watched and i found myself getting a bit attached when i was very young,  the edge of night, the secret storm etc but i let go because it was aggravating to be kept waiting.

  • Anonymous

    And this has exactly WHAT to do with the article???