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Biloxi Casino in Jeopardy

9 December 2005

BILOXI, Mississippi – As reported by the Biloxi Sun Herald: "A $400 million casino project, the first major investment for the Coast since Hurricane Katrina, could fall through because Biloxi and the developer have not agreed on a price for city-owned waterfront.

"Thirteen days after Landry's Restaurants Inc. presented plans to the city on Nov. 10 and asked that the city 'reply without delay'," Biloxi's legal counsel sent the company an e-mail with a counteroffer raising the proposed base rent by 60 percent and increasing other lease costs…"

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