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Tunica

tombarnes

By tombarnes
in Mississippi

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tombarnes City

tombarnes

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As there are several topics relating to Tunica's airport and the Myriad Resort, but nothing for general development in the area, I thought I'd start a general Tunica thread. To start this off, there is a plan afoot to incorporate the town of Robinsonville into an area known as "Tunica Resorts" which would encompass a wide area including nine casino properties. Whether this will go through is another matter. As noted in the article, casinos like predictability. especially when matters of taxation are involved. On the other hand, this could be the first stepping-stone to the eventual urbanization of the area. From the Biloxi Sun Herald...

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sleepy Burg

sleepy

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As there are several topics relating to Tunica's airport and the Myriad Resort, but nothing for general development in the area, I thought I'd start a general Tunica thread. To start this off, there is a plan afoot to incorporate the town of Robinsonville into an area known as "Tunica Resorts" which would encompass a wide area including nine casino properties. Whether this will go through is another matter. As noted in the article, casinos like predictability. especially when matters of taxation are involved. On the other hand, this could be the first stepping-stone to the eventual urbanization of the area. From the Biloxi Sun Herald...

An article in this week's Memphis Business Journal about some securities irregularities with Myriad:

http://memphis.bizjournals.com/memphis/sto...tml?jst=b_ln_hl

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sleepy Burg

sleepy

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Is this a good, bad, or neutral sign?

I suppose it's good that the stock is being traded again, but bad it had some "accounting" problems.

Keep in mind too, that according to the article, the principal that is developing the resort only has a 33% interest in the corp. that was in trouble.

Anyway, I just hope the outfit(s) aren't just fly by night with their Tunica proposal.

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sleepy Burg

sleepy

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It might take awhile--10 or 15 years--but I predict Tunica will eventually explode with growth and development, turning into a real resort-entertainment area.

It's no more preposterous than Las Vegas in 1945. Back then, no one would have thought that small town in the middle of a desert had any prospects. Sorta like Tunica being in the middle of cotton fields.

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sleepy Burg

sleepy

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I agree, sleepy, IF the couple of mega-projects go through as planned.

Well, I kinda think they will. Throw 5 megaprojects at the wall, and 3 of them stick. That's all that's needed.

Plus, you've got I-69--I-269 going through the area.

And with all the upcoming baby boomer retirements--that's a lot of potential customers and money for that sort of thing. Now, being from Memphis, I know that area gets cold in winter, but snow's virtually nonexistent. I live in Minnesota where folks are perfectly happy to play golf in sunny 40 degree weather. They would flip over a 60 degree day in January.

It's already happened that a lot of midwest and northern retirees have chosen the Ozarks or North Carolina over Phoenix and Florida and Texas--probably because of the cost, crime, pollution, etc.

I think Tunica could snare a bunch of them.

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Bears Hamlet

Bears

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Do any of you have pics of the Tunica Airport? I was curious if the terminal building has jetways or if it is just a walk out to the tarmac kind of deal.

No jet ways yet. Its only 3 times a week so the cost probably isn't justified but that can change if the Myriad gets going. The Myriad has a new CEO now :) Maybe the project is gaining too much steam for the former CEO to be both chairman of the board and CEO

http://www.hotel-online.com/News/PR2006_2n...06_JMeeske.html

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tombarnes City

tombarnes

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Tunica Moves Toward Non-Gaming Development

Tunica is poised to grow beyond the gaming tables. Improvements in the schools will have to occur before the growth really catches up with DeSoto County. Fortunately, the low taxes in the county may foster additional growth. If Tunica can capture more residents, the area should see a building boom.

The Clarion Ledger

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