GULFPORT, MS (WLOX) - Gulfport city leaders are not happy with the company that signed a lease to develop the old VA property on Highway 90.
The land was donated to the city by the federal government. More than a year ago, the city signed a long term lease with a company Glastonbury Capital, based in New York City. At the time, the city thought it would be the first step in turning that beautiful piece of property into some type of mixed use development.
But Councilman R Lee Flowers told WLOX News that Gulfport leaders have notified Glastonbury that the city considers the company in default.
"They have not mowed the grass. There is some mold, and other things. They are in default right now," Flowers said.
When the lease was signed, developers with Glastonbury said there is not a property like this anywhere in the country. But what looked to be a very positive relationship between the city and Glastonbury has apparently turned sour.
"The Gulfport Redevelopment Commission and the city of Gulfport are very disappointed with Glastonbury, right now," Flowers said. "I guess you could say we are losing faith in them. But at the time, they were the only ones at the table."
A few years back, millions of dollars in federal money was spent on the property. Much of that money went to new tile roofs for the 10 buildings on the land.
As to what the future holds, Councilman Flowers remains cautiously optimistic. He said that he is convinced that eventually the old VA land will be put to a very good use.