
Tupelo officials take next step in Fairpark expansion
TUPELO — Following months of behind-the-scenes work and a silent public hearing, Tupelo officials have taken the next step in expanding the city's downtown Fairpark District.
The Tupelo City Council voted unanimously among present members to approve an amendment to the city's urban renewal plan to include 17 acres south of the existing Fairpark District. This comes after months of discussion and a public hearing last month that saw no participation from the public.
"What this does is adds an additional 17 acres of additional property … into the urban renewal area,' Assistant Attorney Steven Reed said, adding it made the property 'ripe for redevelopment.'
The area is a 'pizza-shaped' wedge south of Fairpark, Reed said. The property sits between the Canadian National Railway line and the BNSF line on Elizabeth Street downtown.
Officials said there were already prospective buyers for some of the land, but they have repeatedly declined to go into detail, calling it an economic development matter. The board has only discussed the potential development during closed-door meetings.
The order also puts the acreage under the jurisdiction of the Tupelo Redevelopment Agency. The TRA owns a 5-acre lot on Fairpark Drive, a little over 4 acres with some parcels next to the 5-acre plot on Elizabeth Street and another parcel just under an acre north of the two.
The process of expanding Fairpark began about a year ago. As part of the project, the council voted to enter into a contract with Tupelo-based firm Cook Coggin Engineers for engineering services related to the development project. It also contracted with Tripp Muldrow of Arnett Muldrow & Associates for a master plan for the property.
The Tupelo Planning Committee previously recommended approval for the project in their meetings.
The Fairpark District was established in 1999 with 50 acres designated for urban renewal development by the TRA. At the time, the city took out $22.7 million in bonds to accomplish the goal.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Yahoo
an hour ago
- Yahoo
Heinrich, Vasquez bill meant to boost aerial firefighting passes Congress
Jun. 3—Led by a New Mexico senator and congressman, bipartisan legislation that would allow the Department of Defense to sell excess aircraft and aircraft parts to be used for wildfire suppression is headed to the president's desk after sailing through the House on Tuesday. With the president's signature, the legislation could help aerial firefighting companies experiencing shortages in airplane parts, including those based in New Mexico. Several legislators from western states, including New Mexico, Washington, Montana, Arizona and California, were vocal supporters of the bill. Catastrophic wildfires in the West have displaced communities and cost cities millions in recent years, most prominently the Los Angeles fires in January, which killed at least 29. "This lifesaving authority protects our aerial firefighters and also brings in revenue from military aircraft that are not needed," said Rep. James Comer, R-Ky., after he called for a suspension of the rules, so the House could vote on the bill. The Congressional Budget Office estimates the legislation will reduce government spending by less than $500,000. Sens. Martin Heinrich, D-N.M., and Tim Sheehy, R-Mont., introduced the Aerial Firefighting Enhancement Act in the Senate, where it passed unanimously in April. Rep. Gabe Vasquez, D-N.M., authored the bill in the House. Sen. Ben Ray Luján, D-N.M., and Rep. Melanie Stansbury, D-N.M., were both cosponsors. An Albuquerque-based aerial firefighting company, 10 Tanker Air Carrier, could directly benefit from the bill, Vasquez said. "They currently don't have a sufficient supply of spare engines and aircraft parts. In particular, there's a shortage of brakes for some of their existing aircraft," Vasquez said. From 1996 until 2005, DOD had permission to sell its excess aircraft or aircraft parts to people or entities that contract with the government to fight wildfires from the air at a fair market value, as long as the plane parts are used only for wildfire suppression. The authority was reauthorized from 2012 to 2017, then lapsed again. Why it lapsed, Vasquez said he could only guess at. Since the authority lapsed, taxpayer-owned aircraft parts that the Defense Department no longer needed were being turned into scrap, Vasquez said. He believes President Donald Trump is likely to sign the bill. "I urge the president to immediately sign the Aerial Firefighting Enhancement Act, which is urgently needed to expand the operations of very large air tankers that have proven absolutely essential to firefighters battling large wildfires in New Mexico and across the West," Heinrich said in a statement. Very large air tankers are able to deliver 9,400 gallons of fire retardant at once, and the U.S. Forest Service manages contracts for the airtankers, according to the National Interagency Fire Center. "When we send hotshot crews into a hot, burning fire in places like the Gila National Forest or the Carson or anywhere else across the state, they need that aerial support," Vasquez said.
Yahoo
an hour ago
- Yahoo
Mitsubishi Electric Invests in AT PARTNERS III L.P. Fund Targeting VCs
Accelerating new ventures by collaborating with startups to address diverse social challenges TOKYO, June 04, 2025--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has invested as an anchor limited partner (LP) in the AT PARTNERS III L.P. fund, which employs a fund-of-funds approach to make diversified investments in leading overseas venture capital (VC) firms. Through this investment, Mitsubishi Electric aims to strengthen its open innovation with startups and accelerate the creation of new businesses in response to rapidly evolving market conditions and technological advancements. Tokyo-based AT PARTNERS Inc. invests in venture capital funds across the United States, Europe, and Israel. Leveraging its proprietary corporate analysis data platform, the company efficiently gathers and analyzes information on high-potential overseas startups, offering Japanese corporate investors valuable opportunities for strategic collaboration. AT PARTNERS III L.P. is the third fund managed by AT PARTNERS. Mitsubishi Electric expects to strengthen its business-creation initiatives by leveraging AT PARTNERS' global startup ecosystem network and also its expertise and knowhow in open innovation. Mitsubishi Electric will also continue to collaborate with startups in its existing business domains to further expand and advance its businesses through open innovation. For the full text, please visit: View source version on Contacts Customer Inquiries Business Innovation GroupMitsubishi Electric CorporationTel: + Media Inquiries Takeyoshi KomatsuPublic Relations DivisionMitsubishi Electric CorporationTel: + Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data


Business Wire
an hour ago
- Business Wire
Mitsubishi Electric Invests in AT PARTNERS III L.P. Fund Targeting VCs
TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has invested as an anchor limited partner (LP) in the AT PARTNERS III L.P. fund, which employs a fund-of-funds approach to make diversified investments in leading overseas venture capital (VC) firms. Through this investment, Mitsubishi Electric aims to strengthen its open innovation with startups and accelerate the creation of new businesses in response to rapidly evolving market conditions and technological advancements. Tokyo-based AT PARTNERS Inc. invests in venture capital funds across the United States, Europe, and Israel. Leveraging its proprietary corporate analysis data platform, the company efficiently gathers and analyzes information on high-potential overseas startups, offering Japanese corporate investors valuable opportunities for strategic collaboration. AT PARTNERS III L.P. is the third fund managed by AT PARTNERS. Mitsubishi Electric expects to strengthen its business-creation initiatives by leveraging AT PARTNERS' global startup ecosystem network and also its expertise and knowhow in open innovation. Mitsubishi Electric will also continue to collaborate with startups in its existing business domains to further expand and advance its businesses through open innovation.