A Biloxi City Council vote brought the financially strapped Beau View condominium project back to life. As as a result, two idle construction cranes could be building condo towers again by the end of the year.
Here's why. The city council transferred a height variance and a subdivision permit to the Davis Heritage development group. Developers said they needed those variances to take over the stalled condo project next to Edgewater Mall.
With a new development team ready to buy Beau View, condo contractors will finally get paid for the work they started, but never finished.
Eagle Rebar and Service Plus lost thousands of dollars when Beau View's original developers bounced checks, and then stopped paying for condominium construction supplies.
Billy Moore owns both companies.
"You're spending money into the project that's not coming back to you," he said.
That shouldn't be a concern much longer. Thanks to a court order, Moore's companies will be paid in full by new developers of the stagnant west Biloxi condo project.
David Stockman represents the new development team.
"We're excited to pay them," he said while standing next to a hole in the ground where condo construction started almost a year ago. "We're looking forward to having them back on the job. And hopefully we can get that going very shortly."
Stockman's Davis Heritage Ltd. is a Florida based company. It's less than 60 days away from buying Beau View, and building four 22 story condo towers near Edgewater Mall.
"It's a great project," he said. "The city of Biloxi has embraced it. And we're looking forward to getting the project off the ground again."
Last Tuesday, Biloxi councilmen actually rejected a request to give the Davis Heritage group the 250 foot height variance they approved for the original developers. A week later, the issue came up again. And this time, a majority supported the request.
Tom Wall was one of its supporters.
"How can you take pride in throwing this down the drain?" the ward six councilman asked. "It just doesn't make sense to me."
The second vote made perfect sense to the vendors who didn't get paid in full for their initial work at the Beau View site.
"It's good to know that this decision was passed," Moore said, "where all of us are going to get paid now."