D'IBERVILLE, MS (WLOX) - D'Iberville may finally be getting the casino resort it's wanted for years.
"We've never been this close," said city attorney Dub Hornsby.
Thursday, the D'Iberville City Council approved a financial agreement between Land Holdings I and its financial lender.
"Anytime there's any type of financial agreement or financial arrangement in place, the financial company wants to know they're protected in the event of a default," explained Hornsby. "And that's what this document provides."
According to Hornsby, Land Holdings I has already spent more than $30 million investing in property and designs for Scarlet Pearl Casino. They want to build the resort on land, east of I-110, at the intersection of Racetrack Road and Central Avenue.
"We're very hopeful that this is the end of the financing process," reiterated Hornsby. "And if they get their financing wrapped up in the next few days, we anticipate there will be a proposal in front of the gaming commission for final approval of the entire project within, you know, hopefully a month or two."
D'Iberville Mayor Rusty Quave admitted it's been a long process.
"Well, you know, when you do this for 20 years, you think all of them's going to happen next week. We've been very resilient and we're not going to stop until we have one."
Mayor Quave has fought long and hard to bring a casino to his city. He said he likes what he sees. The Scarlet Pearl is planning a 300-room hotel with a first-class putt putt course and other amenities.
"We're excited about it, and uh, hopefully after today's signing this project will get underway maybe before fall. Hopefully in a couple of years we'll have a casino open in D'Iberville."