With little apparent progress on several projects announced during the last year in Clarksdale, citizens now have more questions than answers. A Wing Stop was supposed to open this month in the city’s historic Greyhound bus depot, but there’s been no visible construction activity, no lease has been signed, and WROX received no reply from representatives of Boss Wings Enterprises.
In March 2018 the “Quality of Life” commission, formed to oversee development of a sports and recreation complex near the US 61-49 interchange south town, signed agreements to buy 85 acres of land for $1.14 million and issue urban renewal bonds to fund the project. Investment firm Piper Jaffray has not responded to WROX’s inquiries about the status of those bonds but it appears none have been issued and the land remains in the hands of Hopson-Nance LLC. Representatives of Piggly Wiggly Alabama have refused to answer questions about the grocery store proposed for the site in January, and project developer Dwan Brown has also refused to make public a feasibility study demonstrating economic support for the proposed sports complex, hotel and convention center.
ClarksdaleNews also adds:
Before anything can happen legally for any business to operate within the bus station, a lease must be signed by the City. For said lease to be legal, it must contain both the time of the lease, and the rental rate to be paid for the use of our public facility. That rental rate must also be what is referred to as “fair market value.” ($1.00 or $10.00 a month, for instance, would not be fair market value, but a monthly rent of similarly sized buildings downtown would be.)