South Mississippi in Good Shape for Future
Following Hurricane Katrina, Mississippi passed a law allowing for 22 land-based casinos. These casinos will eventually count for some 75,000 jobs. However, due to the lack of affordable housing the casino and hotel industry are providing internal housing to some of the 50,000 current employees.
Both Diamondhead and Timber Ridge are 30 minutes away from Biloxi, where many casinos reside.
Casino revenue surpasses $100M
Keesler Air Force Base and Medical Facility are located minutes from Bay St. Louis and are currently expanding their facility to include an additional 14,000 new positions. They currently train over 40,000 students annually and have an economic impact of nearly $1.3 billion.
45 minutes away from Diamondhead, MS
30 minutes away from Timber Ridge
Keesler has much to offer
NASA’s John C. Stennis Space Center is located minutes from Bay Saint Louis. This facility is responsible for the testing of rocket propulsion systems currently being used to power the Space Shuttle and other space exploration vehicles.
25 minutes away from Diamondhead, MS
30 minutes away from Timber Ridge
A great article on Stennis Space Center
“Biloxi’s casino industry reported its largest ever annual gross gaming revenue in 2007, more than a billion dollars, according to figures compiled by the city today. The city’s eight casinos reported total gross gaming revenue of $1.007 billion for 2007, a year in which nine months saw revenue of more than $80 million, including an all-time monthly high of $97 million in July.”
-Gulf Coast News, January 16, 2007
FOUR STEPS TO SENSIBLE INVESTING:
 Step 1 - Identify the Opportunity.
Claim an additional first-year depreciation deduction equal to 50% of the cost of new property investments made in the Zone.
Step 2 - Build What the Market Demands.
By financing through a special class of tax-exempt private activity bonds called GO Zone Bonds, investors buying residential rental property can enjoy a substantial interest rate discount.
Step 3 - Less Stress Financing.
Claim an additional first-year depreciation deduction equal to 50% of the cost of new property investments made in the Zone.
Step 4 - Monitor the Process and Exit Strategy.
By financing through a special class of tax-exempt private activity bonds called GO Zone Bonds, investors buying residential rental property can enjoy a substantial interest rate discount. |
