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Major Construction Underway At Canal Park

Canal Park
14680 U.S. Highway 61N
Tunica Resorts, MS 38664

Canal Park is located in Tunica County, Mississippi, at the southern edge of the Memphis Metropolitan area in an area of phenomenal commercial and entertainment growth. The northern entrance to Canal Park is located at the gateway to Tunica County, 11 miles south of Memphis. The interchange of US Highway 61 and Interstate 69 lies just north of the property. Both highways are four-lane, divided, controlled or limited access thoroughfares designed to meet interstate highway standards.

US 61 carries all of the north-south traffic from Memphis; I-69 carries east-west traffic from Interstate 55, thirteen miles to the east.

This traffic entering Tunica County flows past Canal Park’s 2.1 miles of Highway 61 frontage, on which will be four major entrances.

 

Canal Park is approximately 200 miles southeast of the population center of the United States. The following data is from recent Census estimates for the area surrounding Canal Park:

  • Population of the Memphis Metropolitan [MSA] Area: 1,316,100
  • Population of the Mid-South Common Market Area: 3,930,943
  • Population within a 400-mile radius: 46,321,100
  • Population within a 500-mile radius: 78,720,200

Canal Park is 25 minutes from Memphis International Airport, which has a full complement of domestic and international passenger service, including direct, non-stop service to Europe. Memphis International is served by American Airlines, Continental, Delta, United, US Air, AirTran and KLM Royal Dutch Airlines with direct connections to Europe.

Canal Park enjoys easy access to all cargo shipping facilities via highway, river, rail, and air. Freight rates are among the lowest in the nation. The main line of the Canadian National Railroad (Chicago-New Orleans) is located just east of the property. Trucking volume in the area is among the highest in the nation. The Port of Memphis, on the Mississippi River 23 miles northeast of the property, is the second largest inland port in the nation. Air cargo service is provided through Memphis International Airport, for eighteen years the largest-volume cargo airport in the world, with 13 all-cargo airlines, including the world headquarters and national hub-center of FedEx. Moderate weather patterns allow uninterrupted service throughout the year. And in Tunica, the Tunica Airport authority recently completed a $38 million expansion, including an upgrade of the runway to 8,500 feet. Commercial terminal improvements are also underway.

In the immediate area of Canal Park, entertainment and fine dining facilities flourish, drawing more than 12 million visitors annually. Within a ten-minute drive of the property, there are nine world-class casinos containing over 12 acres of gaming floor space. Immediately west of the property is the largest dock based casino in the world, with 140,000 square feet of gaming area. It should be noted that while Canal Park is not involved in gaming, it will greatly benefit from this proximity. With seven-day-a-week entertainment, stage productions and nationally-known celebrity entertainers perform regularly in the immediate area.

Near Canal Park is a thirty-one-story casino-owned hotel tower. It is the second-tallest building in Mississippi, with 1,200 rooms as well as other popular features and amenities. Other area destination features and amenities include the Tunica National Golf and Tennis Center with conference facilities; the Tunica RiverPark with Mississippi River Museum, docking facilities for passenger vessels and outdoor EcoTrail; and the County’s new indoor aquatic swim center built to Olympic trial standards.

Introduction to Tunica County

Tunica County was one of ten counties created in 1836 from Chickasaw Indian territory ceded to the United States in 1816. Commerce, now the site of Casino Strip, was the first county seat. Founded in 1834, Commerce was destroyed by a Mississippi River Flood in 1842.

In 1848, 20 acres of inland property was donated for a new county seat. That was and is the Town of Tunica, and it has never flooded. It is impossible for a newcomer to enter Tunica County without feeling both a sense of rich history and its growing potential. This is Mississippi River Delta country, with acres of the nation’s richest farmland planted in cotton, rice and soybeans, and dotted with catfish ponds. In 2002, the county’s farming efforts totaled $53 million in total crop production. In the fiscal year 2010, the gaming industry here generated revenues exceeding $565 million.

On the horizon, amidst the growing skyline of the casino resorts stands the second tallest building in Mississippi, a 31-story hotel evidencing the investment that has been attracted to this hometown community. Next year, Tunica gaming will be a twenty year old industry. In 1992, Tunica’s county government received total tax revenues of $3.5 million; in 2011, revenues will reach toward $50 million …. due to this phenomenon known as the ”Mississippi Miracle.” Tunica is one of the most popular and largest gaming destinations in North America. From 20 motel rooms in 1992, the county now has 6,420 rooms welcoming more than 30,000 visitors every day.

The new Tunica employs upwards of 15,000 people, while the county has a total population of 10,800. Unemployment has been slashed from 22 percent in pre-growth days. Median family income has more than doubled to $30,044.

The local citizens witness the change daily. In addition to immediate benefits such as more and better jobs, school improvement and increased tourism income, the county continues to add housing, new hotels, gas station/convenience stores, outlet shopping, and other commercial & industrial properties, making construction operations a constant factor. A most positive change was the expansion of legendary Highway 61 into four lanes from Memphis to south of the Town of Tunica. Just south of Canal Park is a newly constructed elementary school with enrollment of 700+. And currently under construction near Canal Park is a multi-million dollar German owned plant to produce seamless steel pipe.

The illustrations in our website provide an overview of the development opportunities contained in the Master Plan of Canal Park. Location maps, aerial photographs and illustrated site plans provide a summary of the property's exciting development potential.