Pike County to borrow $2.5M for land, bridge
MCCOMB, Miss. (AP) – Pike County supervisors plan to borrow millions of dollars for industrial and infrastructure projects.
The Enterprise-Journal reports supervisors voted 4-1 Friday to borrow $2.5 million to expand Gateway Industrial Park, make repairs to the Holmesville bridge and remove a closed bridge on Guy Barkdull Road.
County administrator Daniel Calcote said borrowing $2.5 million would require levying a tax increase, which would raise annual property taxes $65 on a $100,000 house.
In 2014, supervisors issued $3 million in bonds to buy and develop 110 acres in the new industrial park. And in 2012 they borrowed $5.5 million to replace several bridges.
