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Progress in Biloxi

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An interesting report in the USA Today talks of some of the contradictions arising from the rebuilding efforts. The city's casinos have bounced back and condo construction is booming, but some are worried it's happening too fast.

The boom in construction makes Biloxi one of the few Gulf Coast cities battered by the hurricane in 2005 that may actually be recovering too fast. "We'd like to be a city with casinos, not a casino city," Creel said.

Casinos bring extra revenue — but also extra development and growth. Condominiums typically follow booms in resort areas as more residents flock to places offering gambling attractions, glitzy restaurants, new jobs and investment opportunities.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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