The Biloxi Go Zone – Government Incentive Opportunities

Benefits of Investing in the Go Zone

Since being destroyed by Hurricane Katrina in the summer of 2005, Biloxi, Mississippi has undergone significant economic growth. Biloxi’s economy is better than it was prior to the storms. Thanks to a shortage of real estate — and government incentives to investing the form of tax breaks (also known as the Gulf Opportunity Zone Act or “Go Zone” Act) — Biloxi will continue to grow over the years.

A critical housing shortage

Hurricane Katrina destroyed Biloxi, gutting it of rental and residential real estate. The area was partially evacuated before and during the storm, but many residents returned. Currently, many people are living in FEMA (Federal Emergency Management Agency) trailers, but this is a temporary solution. The federal government has firm evacuation dates for the trailers. Other Biloxi residents are staying with friends or relatives, but they long to return to the area and have real estate to call their own.

Through generous government incentives and tax breaks, real estate rebuilding is continuing at a rapid pace in the Biloxi area. However, it is not happening rapidly enough. The demand for housing far exceeds the supply. Currently, residents of Biloxi are paying between $1,000 and $1,300 per month to rent in the area. These are rental rates that are competitive with some of the most expensive American cities. The number of people who want to own or rent homes far exceeds the number of vacant housing units.Go Zone investing opportunities abound

The United States Congress passed a bill in December 2005 in order to address the real estate shortage. The Gulf Opportunity Zone Act proposes government incentives in the form of tax breaks to assist people in rebuilding the area. The US government is offering Go Zone Investors a total of $260 million in incentives to fuel continued real estate and economic growth in the Gulf Zone.

One of the most beneficial features of the Go Zone Act is a 50 percent bonus depreciation to build a new property for sale or rental. Another important benefit of investing in the Go Zone is the number of qualified private activity bonds that are tax-exempt, and can be used to build retail and other non-residential establishments.

Investors are able to build residential rental projects that accommodate low-income Biloxi residents in need of affordable housing. Mississippi residents are paying upwards of one thousand dollars a month to rent, and are facing government housing evacuation deadlines. Therefore, there will continue to be many renters in need of affordable and quality real estate.

Economic growth is skyrocketing, as well. The waterfront casinos in Biloxi that were destroyed by the storms have been re-built on dry land, and more casinos are expected to be added. There is a great interest in casinos as a tourist attraction — for example, Jimmy Buffet’s Margaritaville casino will attract large numbers of tourists once construction is complete. There is a shortage of tourist accommodations in Biloxi, and Go Zone tax breaks and incentives make it easy and affordable to build hotels and motels on that land. Over the next several years, tourism — and, consequently, the demand for accommodations — will only increase.

Biloxi’s economy is soaring, as well. It will continue to grow over the years, and several factors are driving that growth. These include:

  • A critical housing shortage, which results in continued, steady appreciation of real estate values
  • Continued growth of casinos, and, in turn, toursim
  • A major military presence, including Keasler Air Force Base, which contributes significantly to the economy
  • Major companies in Biloxi, such as Dupont, GE Plastics, and Chevron seeking to hire many more quality employees

As more jobs come to the Biloxi area, more workers will follow. These workers are in need of affordable rental units. Therefore, building in the Go Zone is a profitable and sound financial undertaking.

Supply and Demand

A combination of economic growth, expanding tourism, and crucial housing shortages all contribute to a major demand for real estate in Biloxi. The current supply of housing and accommodations falls short of the demand. As a result, rental and real estate values are soaring, and more real estate must be built immediately.The Go Zone act offers low-risk government incentives, allowing investors to help rebuild the Go Zone while acquiring real estate holdings guaranteed to increase in value for the foreseeable future. The media has devoted much attention to housing “busts,” which are especially prevalent in many “hot growth” regions like California and Texas. Many people are reluctant to invest in real estate lately, fearing that when the “housing bubble” bursts, their real estate will depreciate significantly in value.

By contrast, analysts predict that growth in the Go Zone region will continue for at least five years, and likely longer. CNN Money has, in turn, declared Biloxi to be a “bust-free” market, meaning that growth is expected to continue without significant pause or downturn.

The decision to invest in Go Zone real estate is a mutually beneficial choice. Investors are improving their own financial situations, as well as the lives of Biloxi natives and residents. Because of the current rental unit shortage, real estate is sorely needed, and value appreciation is significant. The Gulf Zone Opportunity Act, which provides significant bonus depreciation and major loan forgiveness, makes investing in the rapidly growing Biloxi area a smart choice.

Perth Casino Vacation

The casino complex at Perth’s Burswood is a great example of the many attractions is on offer for you on your Australian casino vacation. With an array of world class entertainment facilities, the only concern hat you will have is making sure that you get enough rest.

With a Location that is a short distance from Perth’s famous Swan river, the Burswood casino is easily accessible through any means of local transport, with more than 3,600 car parks at the Burswood Entertainment Complex, with a whole heap of free parking and the rest nice and cheap its easy to park your hire car and go in for a big night. So it is pretty easy to see why the Burswood is the only place to go for your Perth casino vacation

The airport is within close distance to the Perth international airport, about 20 minutes drive, so you really have no excuse to not visit this awesome entertainment venue on your next Perth casino vacation.

Because it is in the very centre of the city, it is only a short distance to the following worthwhile Perth attractions:lCohunu Koala Park, to see all of the great Aussie wild life

lPerth Zoo, more of the same but on a grander scale and more international animals

lPerth Mint, get to see where all the Aussie cash is made

l Aquarium of Western Australia, one of the worlds best aquariums

The weather in Perth is second to none in the rest of Australia, and the world for that matter. Located in one of the worlds only five Mediterranean climate zones, Perth and its lucky locals enjoy not just the Mediterranean climate but the lifestyle to match, and it’s the lifestyle that you will really enjoy on your Perth casino vacation.

This brilliant climate ensures that Perth enjoys its fine and sunny weather nearly the whole year round, with the warm sunshine coming down even during the normally stormy Australian winters and makes it so appealing for your destination for your Perth casino vacation.

By anyone’s standards the many gaming options at Perth’s Burswood casino are first class, from the great competition of the tables, or the razzle and dazzle of the electronic games, you can experience a true authentic gaming experience at the Burswood Entertainment Complex with a diverse range of world class gambling options.

With a dazzling range of bars and fabulous restaurants to explore at the Burswood casino, you can enjoy a truly memorable gastronomical experience, be that a dinner for two lovers on a special occasion or a quick snack in between drinks with some of the locals. With an amazing variety of dinnig options provided by many world class chefs, Burswood entertainment complex can please even the most discerning patron and remember that this incredible food is just one part of your Perth casino vacation experience.

For a relaxing holiday, or just a exhilarating and exciting escape, also Perth’s Burswood casino has what is considered some of the best accommodation on the entire state of Western of Australia. With the Intercontinental Perth Burswood and the Holiday Inn Burswood both around the corner you can be sure that you will receive the most detailed service and the most indulgent accommodation. And don’t forget that this is just where you will be sleeping on your unforgettable Perth casino vacation.Considering that the Burswood has undergone extensive redevelopment, there is now an even greater array of entertainment options just a few steps away from your hotel.

Perth is a the most amazing holiday location that you can imagine. With never ending cascade of gorgeous beaches and perfect holiday weather, having your next Perth casino vacation at Perth’s Burswood casino is an opportunity that you cannot afford to miss, come on your worth it!!, aussiecasino07.

Casino Vacation in Perth

The Burswood casino complex in Perth is a non-stop entertainment complex, with a huge range of world-class facilities; boredom is not a word that will come up often at this 24 hour party hub on your next Perth Casino vacation in Australia.

Located just a short distance from Perth’s iconic Swan river, Burswood casino is simple to reach via any means of transport, with over 3,600 car parking bays at Burswood Entertainment Complex, including 1,450 free parking bays and a flat rate of $10 for 24 hours. Its easy to see why Burswood is the only place to go for your Perth casino vacation in Australia.

With its short distance from Perth’s international airport, 20 minutes, you have almost no excuse to not hit this exquisite entertainment complex on your next trip to Perth. As it is easily accessible by tourists and locals alike, always something that you should consider when you are planning any holiday.Being in the heart of the city, it is a short distance to the following famous Perth attractions:

– Get up close and personal at the Cohunu Koala Park

– Experience some of the world’s most exotic creatures at the Perth Zoo

– See where all of the money gets made at the Perth Mint

– Find Nemo at the Aquarium of Western Australia

Perth weather is considered as second to none in Australia. Located in one of the only five Mediterranean climate zones in the world, Perth enjoys not just a Mediterranean climate but a lifestyle to match on a Perth casino vacation in Australia. So remember to bring your sunscreen and your swimming trunks, your going to need them.

This great climate ensures that Perth enjoys fine and sunny weather all round the year with warm sunshine even during winters and makes it so appealing for your Perth casino vacation. The gambling options at Perth’s Burswood casino are first class, from the competition of the tables, to the dazzling array of electronic slot machines, you can experience it all at Burswood Entertainment Complex with a diverse range of exciting gaming options.

With a massive range of bars and restaurants to explore at the Burswood entertainment complex, you can enjoy an unforgettable dining experience, be that a dinner for 2 or a quick snack in between drinks with friends. Featuring a wide variety of options provided by world class chefs, Burswood casino can please even the most particular diner and the food is just one part of your Perth casino vacation in Australia experience.For a relaxing escape, or a fun and exciting holiday, Perth’s Burswood casino has some of the finest accommodation offerings on the West Coast of Australia. With the InterContinental Perth Burswood and the Holiday Inn Burswood you are assured of the best service and glamorous accommodation. As well as everything you need for an unforgettable Perth casino vacation in Australia.

Perth is a fantastic location for any type of holiday. With never ending beaches and unbelievable weather, having your next vacation at Perth’s Burswood casino is an opportunity that can simply not be bypassed for your next Casino vacation in Australia. Aussiecasino07.