Thursday, September 9, 2010

Harborwalk update

Nothing still going on out there and the MC Herald reports the city is paying MDA for a road built with state funds:

"The city of Ridgeland is on the hook for more than $2 million after plans for a local economic development remain stalled...

Mississippi Development Authority gave the funds to the city in 2004 for the relocation and widening of Harbor Drive. Initially, the city asked for the money to help pay for its efforts to accommodate Harbor Walk, a proposed $750 million mixed-use development on the Ross Barnett Reservoir...." Article

Hmmm....... where have we heard this before? Earlier post.

16 comments:

Anonymous said...

Say what you will about J. Burwell, but I sort of admire him for having bold ideas.

Anonymous said...

Yeah, but bilking people out of money for a project and then not following through is just dishonest.

Anonymous said...

And the sad thing is, they tore down The Dock for nothing!

Rebuild it!

Anonymous said...

who did he "bilk" money from?

Anonymous said...

I heard him say he wanted his project to be more local and regional than the Renn in Ridgeland. So locals would have more of a connection.

I do know that the web site vid is awesome, even though nothing is happening in the economy or there either.

Kingfish said...

Harborwalk was never going to happen as he envisioned. His story always changed, he never gave the same excuse twice, and a local connection was a joke.

He got some fancy drawings together, bamboozled some government officials who wanted to see the Dock gone, and got their blessing. There was never any financing or tenants. I called it out three years ago, long before the recession or housing crash. This has always been a farce of sorts. Whether or not intentional or just getting in over his head is for you to decide.

Anonymous said...

It really didn't take a rocket scientist to realize it was a pipe dream.

Anonymous said...

Does he have any of his own money/assets pledged ?

Auburn Rat said...

I always thought the developement rendering/movie to be strangely out of place at the REZ. But there was no attempt at context. The design was actually quite bad. Looked more like "Marketecture".

The mixed use concept would be quite good there, but keep it in scale.

Anonymous said...

Developers bear watching.

Anonymous said...

Developers bear watching.

Anonymous said...

Burwell is an egomaniac with no justification for being one.If this "big-time" entrepreneur could not raise $ for Harborwalk in 2004-2007, he sure can't get it today nor in the foreseeable future.Burwell is all hat and no cattle. Kingfish was right and early. Props

Anonymous said...

I can't believe City of Ridgeland and MDA ever took the bait in the first place. A 750 million dollar project at this Rez? What were they thinking? I was living out of state at the time and when I heard about this I knew it would never happen, just no way.

I wonder if Ridgeland and MDA bought some Nigerian bonds from this guy too, or maybe a nice bridge, in say, Iowa. That's just about as plausible as this Harbor Walked-All-Over-You deal. LOL

Anonymous said...

The Dock was the #2 largest contributor of tax revenue to the ABC!! What dipshits for tearing it down! Regardless of what you thought of it, it made a lot of money for this state.

Anonymous said...

2:26, I agree with you. It made money, it brought people out, and money was made by all along the profit path.For years! The customers were happy, and not that rowdy. Dark agendas, anyone?

Anonymous said...

Does anyone know any of the details of the financing of harborwalk? The company had to pay buddy deweese some money up front in 2004 (or so) and then the rest a year or so ago. Did the $ come from Burwell or is he a front for the actual investor(s)? Did the contract with PRWD have any penalties for non-performance? considering the PR was involved and the City is on the hook, one would think the public has some right to know. Who owns the marina now and for how long? Lots of ?? of interest.



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