NATCHEZ, Mississippi — The Natchez Convention Center's management company is trying to get the funding needed for the center's expansion, which might require the city to restructure bonds and increase taxes.
The Natchez Democrat reports (http://bit.ly/1KhrzcY) the Natchez Board of Aldermen voted Thursday to delay restructuring its bond payments for the convention center — and a possible increase to fund an expansion — until a later date.
Convention center manager Walter Tipton says the project would cost $4.5 million and would increase the size of the center's exhibit hall by 40 percent.
Natchez Mayor Butch Brown says in order for the project to move forward, the board would have to vote to send a proposal to the state Legislature. The board would have to restructure or take out additional loans, and then ask permission to raise taxes to cover the bonds.
Information from: The Natchez Democrat, http://www.natchezdemocrat.com/