No Condos, No Torguson At Reconfigured Bacaran Bay - WLOX.com - The News for South Mississippi

No Condos, No Torguson At Reconfigured Bacaran Bay

BILOXI (WLOX) -- The Bacaran Bay casino project on Caillavet Street will be built, without condominiums, and without its creator Marlin Torguson. On Tuesday, members of a newly formed company called the Phoenix Gaming Group confirmed that they now control the Caillavet Street site.

Their plan is to reconfigure Bacaran Bay, refinance it, and move it forward. Whatever the new design looks like, it won't include condos.  Phoenix Gaming Group spokesman John Ed Ainsworth says the market isn't right for condos to be part of a casino resort. 

Torguson has agreed to be a minority equity holder and a consultant on the new design. A news release from the Torguson Gaming Group, Inc. says it has entered into an agreement with Caillavet Street Development Group, LLC (CSDG), owners of the land under the proposed Bacaran Bay Casino Resort and Firegame, LLC, a finance company holding security interests in some of the land, to convey the majority of its land and interests in the project to Phoenix Gaming Group, LLC, a new company formed by all three parties to direct development of Bacaran Bay Casino Resort.

According to Torguson said, "We are pleased to remain a partner in the Bacaran Bay project and are committed to working with CSDG to support the success of the resort. It is important the project will go forward with local ownership. Our agreement will also allow us to pursue other gaming developments."

Ainsworth says no timelines have been established yet to develop Bacaran Bay.

By Brad Kessie

  • 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