The Wall Street Journal, the world’s pre-eminent business publication, focuses on the Biloxi recovery story in today’s edition of the paper.
In a story headlined “Cashing in: Casinos emerge as winners in wake of Hurricane Katrina,” the story detailed the resurgence of the Biloxi economy and the city’s promising future in the storm recovery efforts as a result of new legislation allowing on-shore gaming.
Mayor A.J. Holloway, who was interviewed by reporter Peter Sanders, said he was pleased with the story in the Journal, which has a print and online circulation of nearly 2.1 million, including nation’s top business and political leaders, as well as investors across the country.
“Before the first casino opened here in 1992, our police department only had five or six patrol cars and not enough money to buy them new tires,” the mayor is quoted as saying in the story. “Today we basically have a police car for every officer and excellent public services.”
Another excerpt:
“On Mr. Holloway’s city hall desk is a massive three-ring binder containing details of a master plan proposed for the eastern part of the city. In the plan, a new four-lane boulevard would wrap around the city’s eastern edge, with casinos dotting the waterfront. The design is packed with high-rise condominiums and parks.’
“’I don’t see any problem with casino expansion where it’s already zoned,’ he says. ‘In five to 10 years, I think we could see 18 to 20 casinos here.’”
To read the text of the story, click here.
