Although this was occurring, the city and Jackson Redevelopment Authority opened a different downtown task bid on Jan. 31. This time, the bid was a Ask for for Statements of Qualifications, which solicits facts from possible developers but does not demand as quite a few aspects about particular building strategies. The city said it absolutely was in search of a 335-place resort, open entertainment Area and parking garage.
At recent charges, cash is earning in between 4% and five%, but that may not final, Cox claimed. And perhaps if it does, any time you Assess that to the common once-a-year return to the inventory market place, which is riskier but has greater returns, by deciding on personal savings more than stocks, “Then you really’re maybe providing up precisely what is a median eight% annual return for your S&P 500 more than long periods of time,” Cox said.
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“I don’t give a shit where the money emanates from. It may possibly come from blood diamonds in Africa, I don’t provide a fucking shit,” Owens mentioned, in accordance with the indictment, for the duration of 1 of their raucous conferences at his cigar store. “I’m an entire DA.”
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In early 2020, Condition Auditor Shad White, who went to exactly the same church as Owens though they both equally transformed to Catholicism, introduced the local DA the results of an 8-month investigation that might rock the condition For some time to return.
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Within the again room with the cigar lounge just one evening, Owens handed Financial institutions an envelope containing $10,000, the indictment alleges, and questioned the council male if he was at ease getting cash because it was “not a Check out like we Commonly do.”
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Owens, who moonlights as a businessman and consultant, were Performing for the business Considering that the former calendar year to entice regional officials to guidance their proposal for a protracted-welcomed downtown resort intricate while in the capital metropolis.
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For the duration of their very first Assembly with Banks, one of many FBI brokers asked what the council member would want to support the event going ahead.
However the higher-rollers weren’t who they seemed to be. They were FBI brokers and an informant working with a well-recognized playbook — masquerading as the exact same Goodfellas-esque characters, flaunting the exact same yacht and dropping Many taxpayer resources at the identical strip club — they’ve accustomed to bust community officials in other metropolitan areas.