Lacassine sugar mill debt dilemma - WLOX.com - The News for South Mississippi

Lacassine sugar mill debt dilemma

It took $78 million dollars to build a sugar mill in Lacassine that only operated for 90 days.

Now, Agriculture Commissioner Mike Strain is borrowing $7 million dollars to take control of the defunct mill, which is teetering on default of its debt payments.

Strain says if the state doesn't buy out the mill, a bank would take over the property and the Department of Agriculture wouldn't be able to sell it or lease it to recoup some of its investment.

Copyright 2012 WAFB. All rights reserved.

  • NEWSMore>>

  • Police release more details on Gulfport chase caught on tape

    Police release more details on Gulfport chase caught on tape

    Tuesday, July 25 2017 12:25 PM EDT2017-07-25 16:25:12 GMT
    (Photo source: Chuck Coats)(Photo source: Chuck Coats)

    We are learning more details about a police chase that led officers and deputies through Gulfport and Pass Christian on Monday morning.

    More >>

    We are learning more details about a police chase that led officers and deputies through Gulfport and Pass Christian on Monday morning.

    More >>
  • Capital murder trial underway in Jackson Co.

    Capital murder trial underway in Jackson Co.

    Tuesday, July 25 2017 11:08 AM EDT2017-07-25 15:08:41 GMT
    Opening arguments began Tuesday morning in the capital murder trial of Scotty Street. (Photo source: WLOX)Opening arguments began Tuesday morning in the capital murder trial of Scotty Street. (Photo source: WLOX)

    A Jackson County jury has been seated. Opening arguments began Tuesday morning in the capital murder trial of Scotty Street.

    More >>

    A Jackson County jury has been seated. Opening arguments began Tuesday morning in the capital murder trial of Scotty Street.

    More >>
  • Hole punch cloud seen over Gulfport

    Hole punch cloud seen over Gulfport

    Tuesday, July 25 2017 11:00 AM EDT2017-07-25 15:00:31 GMT
    A hole punch cloud was seen over the Mississippi Gulf Coast.A hole punch cloud was seen over the Mississippi Gulf Coast.
    A hole appeared in the clouds on Tuesday morning over the Mississippi Gulf Coast. This rare cloud phenomenon is known as a hole punch cloud. It has other names; sometimes this cloud formation is called a fallstreak hole, a punch hole cloud, or even a skypunch. 7-25-17 Hole in the clouds So, what caused the clouds to look like someone punched a hole in them? Airplanes are the culprit, according to the National Aeronautics and Space Administration (NASA). An article published by N...More >>
    A hole appeared in the clouds on Tuesday morning over the Mississippi Gulf Coast. This rare cloud phenomenon is known as a hole punch cloud. It has other names; sometimes this cloud formation is called a fallstreak hole, a punch hole cloud, or even a skypunch. 7-25-17 Hole in the clouds So, what caused the clouds to look like someone punched a hole in them? Airplanes are the culprit, according to the National Aeronautics and Space Administration (NASA). An article published by N...More >>
Powered by Frankly