City to issue $5M in TIF bonds for Renaissance

RIDGELAND — The city anticipates issuing around $5 million in bonds from the Renaissance Phase II TIF to accommodate an as of now unnamed tenant.

Public Works Director Alan Hart and developers with Renaissance presented the resolution authorizing the issuance of the bonds to the Ridgeland City Board on Tuesday evening. They said the new tenant hopes to begin construction by this fall and be operational by March 2026.

“They will remain confidential until the make their own announcement at a later date,” a representative for the development told the board.

Mayor Gene McGee said he hoped the company would make the announcement soon. 

“I know they are pretty independent,” McGee said.

Though he had to be sparse with details at the moment, McGee did say the new tenant would be building in an “area not too far from the movie theater” in the Renaissance.

“I think it will be a really neat addition to the city of Ridgeland and the Renaissance,” McGee said.

The Maximum amount of bonds to be issued is $5.9 million.