Quote:
Originally Posted by Velastor
Umm...why would they not build the Bacaran? After all that money that has been spent and the investments made by those buying condos. The market is also growing. This is a very strange rumor.
Your best bet would be to contact the condo people and just pretend you interested in finding some info about them and if they stop you from doing so you will know whether or not they still plan to build the casino. They won't be able to sell you one if they aren't gonna build the resort.
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I agree 100%. Mr. Torguson has invested a lot of time and money into this project and has stated that he believes in the Biloxi market and is very committed to this project. Why would he have even waisted valuable time and efforts doing pre-construction site work and paying to have a lift station relocated? Red UM Rebel, I would question the reliability of your source. Coincidentally, which I personally don't believe neccessarily merit any thruth to that rumor, Palmer's Run, the golf course that is affiliated with the Bacaran Bay project, is scaling back from its original 27 holes to 18 holes. It is adjacent to the planned Belle la Vie subdivision in the Woolmarket area. This subdivision has also been proposed for some time.
Posted on Fri, Feb. 01, 2008
Entry-level housing
By MARY PEREZ
meperez@sunherald.com
WOOLMARKET -- Belle la Vie means "beautiful life," and developers hope to create that ideal in a community that combines a quality lifestyle and affordable prices.
Location is key for the Master Planned Community in Woolmarket, which will blend a variety of housing and recreational facilities like trails and neighborhood parks with professional, shopping and commercial development. They are also developing a neighboring golf community.
"We know we have a great location," said Phil Frisby, marketing director for the development that is three miles off Interstate 10, eight miles north of the beach and just south of new Mississippi 67. The community is within 15 minutes of 85 percent of the jobs that are projected and existing in the Biloxi/Gulfport area, "which is very important with the price of gas," he said.
James Frisby, president of Pitcher Point Investments, the owner and developer of Belle la Vie, said the community will help fill the need for housing after Hurricane Katrina.
"Our average elevation is 50 feet above sea level," out of surge and flood zone, said Phil Frisby, keeping insurance rates down.
The majority of the more than 2,000 homes will be entry-level housing priced from about $165,000 to $185,000 for a 1,500-square-foot home with three bedrooms, two and a half baths and a two-car garage.
"There is zero inventory of that type of housing," James Frisby said, and without homes the average family can afford, "we can't continue to grow."
Communities will be built in pods, with 16 single-family neighborhoods and 10 multi-family areas over the next five to 10 years. The variety of housing, including apartments, townhouses and condos up to million-dollar homes, will allow families to move to new housing but stay in the community as their incomes grown and needs change, the developers said.
Adjacent to Belle la Vie and being developed at the same time is Finistere, the Arnold Palmer signature golf course started before Katrina but never completed.
It will be redesigned from 27 holes to 18, said Jimmy Day, who spent four years as a site manager at another Palmer course, and 300 residential lots will be built around the course.
Pitcher Point is developing the communities and will donate the fire and police stations and code-enforcement office to the city of Biloxi. Contractors will buy a quantity of lots and build the homes.
James Frisby said the community will have 120 retail stores with "old town, downtown atmosphere. It will have every retail outlet that you need to live," with commercial on the first floor, office space above and third-floor flats for professional and retired people and couples. "It's really a kind of smart growth. It creates the kind of lifestyle that people want to live."
http://bellelaviebiloxi.com/locatormap.html
http://www.biloxi.ms.us/PDF/condostatus.pdf