NATCHEZ, Miss. (AP) — The city of Natchez and Adams County hope convince a state agency that the sale of Natchez Regional Medical Center should be considered an economic development project.
They have told the Mississippi Development Authority the project will consolidate the local health care market and help bring in new doctors, including specialists the area currently doesn't have, and likely would result in the construction of a new hospital in the near future.
The Natchez Democrat reports (http://bit.ly/1l9rlGT ) a Regional Economic Development Act designation would allow the buyer to prepay property taxes as part of the sales process. Those prepaid taxes would be part of an overall purchase price that would be sufficient to pay off the bankrupt hospital's debt.
The request has been sent to the Mississippi Development Authority.
Information from: The Natchez Democrat, http://www.natchezdemocrat.com/