Hinds Co. threatened with 'Old Capitol Green' lawsuit - WLOX.com - The News for South Mississippi

Hinds Co. threatened with 'Old Capitol Green' lawsuit

Old Capitol Green was slated to encompass 14 blocks between State and Jefferson streets. Old Capitol Green was slated to encompass 14 blocks between State and Jefferson streets.
In 2006, when plans were first announced, Old Capitol Green seemed promising. In 2006, when plans were first announced, Old Capitol Green seemed promising.
JACKSON, MS (Mississippi News Now) -

In 2006, when plans were first announced, Old Capitol Green seemed promising. A few tenants had even signed on as the years went by. Developers announced in 2011 that musician Cassandra Wilson had planned to open a recording studio in the district.

Old Capitol Green was slated to encompass 14 blocks between State and Jefferson streets. But in 2012, the Hinds County Board of Supervisors began asking developing group Full Spectrum for financial plans on paper for the project. They wanted assurance that a $17 million to $20 million loan from the Mississippi Development Authority would be paid back. But they never got that assurance, so the board decided not to facilitate the loan.

Now, Jackson Attorney John Arthur Eaves Jr., is representing Full Spectrum. The company plans to sue Hinds County for more than $90 million for what they're calling breach of contract.

"Under the law, whether there's an official contract or not, the law protects those people who, to their detriment, rely, they invest, make an agreement," Eaves says.

The amount Full Spectrum seeks, $92.5 million, includes $88 million in lost profits.

"I don't know you can sue someone for lost profits," says Clinton Mayor Phil Fisher. Fisher was a supervisor last year when the county decided not to facilitate the loan.

But Eaves maintains a contract doesn't have to be written and signed.

"Yes, when you have a contract you're entitled to the benefit of that contract," he says.

Eaves says he hopes to sit down with county attorneys and work something out. If not, the case might end up in court. 

Copyright 2013 MSNewsNow. All rights reserved.

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