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21 - 40 of 157 Comments Last updated Feb 17, 2013
worker

Madison, MS

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#21
Jan 13, 2013
 
And there was a lot of nucor brought to that plant also,John Bell for one.
Duck Hunter

West Point, MS

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#22
Jan 13, 2013
 
Yeah some say without Bell Correnti would have fell on his face.
worker

Ellisville, MS

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#23
Jan 13, 2013
 
Bell passed away about a year ago,so We shall see
Duck Hunter

Starkville, MS

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#24
Jan 13, 2013
 
West Point Steel Mill Likely Derailed


Several reliable Packet sources have confirmed that a deal to build a billion-dollar steel mill in Clay County likely fell through earlier this week after negotiations on utility rates came to an impasse. Local industrial entrepreneur John Correnti was in the initial planning stages of building a steel plant in West Point’s thousand-acre industrial megasite that is nearing completion along Highway 45 Alternate on West Point’s northern city limits. Sources said a meeting occurred earlier this week between Correnti’s group and TVA officials, and that LINK CEO Joe Max Higgins and several area officials were present. Correnti’s group was reportedly offered an electric rate for a potential site in Arkansas from electric giant Entergy and was negotiating with TVA to lower their rate. The rate was reportedly nearly 35% lower than what the Tennessee Valley Authority was able to offer, and negotiations came to an abrupt end with no apparent middle ground in sight.
Another source opined that, while the electric rate was a point of contention, the Mississippi Development Authority possibly didn’t push TVA harder to get a better deal after the state’s rate of return per job exceeded MDA’s traditional expectations. The Correnti project reportedly would have cost the state roughly $100,000 per job created.
The failed deal could put a slight ding in the newly formed partnership between West Point/Clay County and the Columbus Lowndes Development Link. The LINK recently reached a funding deal with West Point and Clay County in which it will receive $350,000 from the two governing bodies in exchange for more focused economic development. A Clay County government official who spoke off the record to The Packet Wednesday night said that the deal is not completely dead yet and that he has full faith in LINK CEO Joe Max Higgins. He noted Higgins’s unparalleled success in Lowndes County, where Higgins has brought the Columbus, Miss., micropolitan from 374th out of 576 in 2004, the first full year after Higgins’ arrival, to 57th in 2011.(A micropolitan consists one or more counties with an urban area between 10,000 and 50,000 residents.)
“We haven’t given up on Mr. Correnti’s project yet. But we are confident that Joe (Max Higgins) and the LINK have more projects in the pipeline,” the Clay official said.“We’re in much better shape than we have been in some time with him on our side.”
While I’m sure nobody in the Golden Triangle could be excited about losing a giant project such as this, let’s hope TVA can come back to the table quick enough to keep the project headed our way, or that Joe Max will keep the good deals coming
worker

Madison, MS

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#25
Jan 13, 2013
 
Just curious,where did that info come from?Where is clay county exactly?
Duck Hunter

Columbus, MS

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#26
Jan 13, 2013
 
worker wrote:
Just curious,where did that info come from?Where is clay county exactly?
County next door to the Severstal mill in MS.
worker

Madison, MS

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#27
Jan 13, 2013
 
Wonder if they will get it there?When should decision be announced?
Duck Hunter

Columbus, MS

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#28
Jan 13, 2013
 
worker wrote:
Wonder if they will get it there?When should decision be announced?
Not going to MS word is OSCEOLA!!
That's why I asked, looking to get some loads for trucking company.
worker

Madison, MS

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#29
Jan 13, 2013
 
I'm ready to hear the official announcement,good luck with your trucker loads.
Guest

Bryant, AR

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#30
Jan 13, 2013
 
yep

it is a done deal for osceola

good time for MS COunty!!!!!!!!!!
Duck Hunter

Columbus, MS

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#31
Jan 13, 2013
 
Guest wrote:
yep
it is a done deal for osceola
good time for MS COunty!!!!!!!!!!
do you know when it will be announvced??
Former Investor

United States

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#32
Jan 13, 2013
 
Years ago I invested in the steel industry when Correnti was part of the Birmingham Steel Plant. Lost the investment, Nucor took over & my shares went down to $8.00.... Mega loss from that point on. Was sure Correnti would turn that project into a great gain for investors- He failed & my thousands of dollars went to $300 after final buy out. Ouch, that was a big hurt for me. Wish I had money to try again but I'm skeptical of another failure. He's rolling in dough so it's a winner for him & his life goes on like there's no tomorrow. Must be nice to live so well, I on the other hand lost it all. Be Leary b/c it could happen to you....
yeah right

Jackson, MS

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#33
Jan 14, 2013
 
Don't cancel west point out yet,TVA will counter offer.Osceola has better transportation in my opinion with river right beside it.
grunt

Corpus Christi, TX

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#34
Jan 14, 2013
 
yeah right wrote:
Don't cancel west point out yet,TVA will counter offer.Osceola has better transportation in my opinion with river right beside it.
If u look back on old newspapers 86 91 04 and now, u will see same song forth verse. Way he tries to play 2 sides for a better deal. Will go where he wants and gets most welfare check. No employees suck in AR good one taken up.
mississippi boy

Sumrall, MS

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#35
Jan 14, 2013
 
Come on west point,you can do it
Uncle Si

West Memphis, AR

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#36
Jan 14, 2013
 
It's NOT coming to Osceola. Only thing Osceola gets is another power plant
DUCK hunter

Starkville, MS

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#37
Jan 14, 2013
 
Didd Beebe announce today?.
Guest

Little Rock, AR

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#38
Jan 14, 2013
 
Nothing to announce
grunt

Corpus Christi, TX

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#39
Jan 15, 2013
 
Guest wrote:
Nothing to announce
Looks like another Correnti media play, he most likely started this forum trying to get TVA, MS, or both to give him more money. Needs it to make anything happen. Does not have the money to do the deal.
TYPICAL!!!
guest

Bryant, AR

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#40
Jan 15, 2013
 
why osceola electric bills so high?

maybe they need to buy some of that electricity local????

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