Last year, Dakia Entertainment Hospitality signed an agreement with Universal Music Group to build a resort on the former U.S. 90 Biloxi Broadwater Resort site. The plans were announced in a press release subsequent to the Biloxi Council meeting on Tuesday.
The $1.2 billion 266-acre resort will include a 12,000-seat indoor concert atrium, a 1,150-room luxury hotel and other facilities, a 125,000-square-foot casino, unique music experiences including workshops for local and national students and artist interactions, a renovated Broadwater Marina for pleasure vessels, offshore fishing tournaments, a signature lounge, boat slips and entertainment.
The resort is scheduled to open on the former Biloxi Broadwater Resort property on U.S. 90 in spring 2023, and is expected to generate around 1,000 construction jobs and 2,500 jobs when it opens.
The Biloxi Council has voted to allow developers to apply for tourism tax incentives from the Mississippi Development Authority, the Sun Herald reports.
Biloxi attorney Peter Abide said the casino would be around $200 million overall construction and is not part of the tax incentives for tourism. He said 80% of the tax collected from the resort would go back to the developer for 15 years, and it would be capped at 30% of the cost of the non-casino project.
Mayor “FoFo” Gilich said: “The Broadwater Beach, as it was known in the ‘50s, was ‘the attraction’ that brought attention and many people to our Coast.”
He went on to say this new development “would certainly be an ‘understatement’ to say that this project will be transformational for Biloxi, our Coast and the State of Mississippi.”
A formal letter of intent to build the entertainment complex was signed by Dakia Entertainment Hospitality and Broadwater Development, which owns the property.
Dakia would run the resort and joined Universal Music Group in a joint venture to create immersive music experiences.
Biloxi Council member Dixie Newman, who represents the ward in which the resort will be constructed, said she is receiving frequent phone calls on the property that has been vacant since Hurricane Katrina over the planned casino.
“Everyone’s ecstatic there’s actually going to be something done out there,” she said.