Post-Katrina Revival In Jackson
"The rejuvenation of downtown Jackson, Mississippi, was already under way before 2005, but it kicked into high gear following Hurricane Katrina. The Gulf Opportunity Zone Act boosted a preservation tax credit to 26 percent, up from 20 percent. Although this incentive expires next year, it has spurred the repair of older buildings-and new developments are under way, too."
"More than $450 million of construction is anticipated or currently in progress, including hotel, office, and residential buildings."