Where is Cross Creek? IMWTK.

stinky cheese man wrote:

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Gulf South Technology Center is owned by Han**** Bank and Fore Construction. The 200-acre parcel is being donated to the state.

 

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No comment to offer of any substantive nature, just cracking up at the "offense-o" meter treatment of the bank's name....

On another note, anyone having trouble with USM email today?

 

Sorry about that.  ActiveBoard does that itself.  I'll see if it can be adjusted, but it seems like we went down this road once before under the previous WM.

Han**** Bank Holding Company's SEC filing with reference to Gulf South Technology Center, LLC (p. 65)

http://www.shareholder.com/hbhc/EdgarDetail.cfm?CIK=750577&FID=1030798-07-19&SID=07-00

Note 3.     Business Combinations

Gulf South Technology Center, LLC

In July 2006, the Company purchased a 50% interest in a joint venture partnership for $4.7 million in which no party has a controlling interest. The Company's vision is to help develop the Mississippi Coast as a center for economic development in the 21st century by creating the Gulf South Technology Center, LLC. Management expects that the center will include a commercial hub offering state of the art technology infrastructure, strategic multimodal transportation access and a network of business support services as well as corporate office complexes, technology and data centers, logistics and distribution facilities, service and convenience retail, residential housing and education campuses.

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Another Han**** Holding story in today's news:

CL, 4/18/07

http://clarionledger.com/apps/pbcs.dll/article?AID=/20070418/BIZ/70418037

Han**** Holding shares fall on earnings news

GULFPORT - Han**** Holding Co., which operates banks in Mississippi, Louisiana and Florida, said its first-quarter profit fell 13 percent on slower loan and deposit growth, sending its shares to a new 52-week low in morning trading Wednesday....

http://www.ihl.state.ms.us/newsstory.asp?ID=481

IHL PRESS RELEASE
CROSS CREEK SITE SELECTED FOR ADDITIONAL SOUTHERN MISS CAMPUS; DAVIDSON TO ASSUME BOARD PRESIDENCY MAY 8

Media Contact: Annie Mitchell
Phone Number: (601) 432-6493
4/18/2007 ( )
 
Jackson, MS - During its regular monthly meeting on Wednesday, April 18, 2007, the Board of Trustees of State Institutions of Higher Learning (IHL) discussed several pieces of land and unanimously selected the Cross Creek property in Long Beach, Mississippi, as the preferred site for an additional campus of the University of Southern Mississippi.
"After ten months of diligent searching and consideration, I am confident the Board has chosen the best possible location for the additional Southern Miss campus," said Commissioner of Higher Education Dr. Thomas C. Meredith. "This is a long-term, historic decision that will directly impact generations of Mississippians."
State demographers have forecasted the population on the Mississippi Gulf Coast to grow substantially in the near future. In June of 2006, the Board began seeking land for the establishment of an additional Southern Miss campus that would be capable of meeting the educational needs of this growing population.  From the outset, the Board stressed that the land must be centrally located and easily accessible to any Mississippi Gulf Coast resident who desires a higher education, and highly visible to serve as a constant reminder that education is the key to a brighter, more prosperous future.
After considering multiple sites, the Board solicited the help of Broaddus & Associates Innovative Project Management and Consulting firm to narrow the search.  With the help of the consultants, the Board narrowed its search to the three best sites - Cross Creek, located on I-10; Tradition, located at the intersection of Highway 67 and Highway 605; and Gulfport, located on Highway 49 in Gulfport.  The land for all three sites was to be donated to the Board. After carefully evaluating each piece of property on the criteria of location, visibility, size, accessibility, cost, growth controllability, suitability and availability of adjacent land, environmental and geotechnical factors, and disaster recovery capabilities, the Board, in accordance with the consultants recommendation, selected Cross Creek as the best site for the project.  Click here to learn more about Cross Creek and to view the report submitted to the Board by Broaddus & Associates.
 
In other news, Board President Dr. D.E. Magee, Jr. passed the Presidential gavel to incoming Board President Dr. L. Stacy Davidson, Jr. Dr. Davidson will assume the responsibility of Board President on May 8. Dr. Davidson thanked Dr. Magee for his service. "Dr. Magee has led us with distinction this past year through two presidential searches and a successful legislative session," said Trustee Davidson. "He has been a steady hand at the wheel, and we appreciate his service to the Board and to the state of Mississippi."
 
The next regular monthly meeting of the Board of Trustees will be held May 16 and 17, 2007, in the IHL Board Room, Universities Center, 3825 Ridgewood Road, Jackson, MS.