Coleman County plans 300 new jobs with $250M resort development in Cold Springs

In a pivotal meeting held on April 29, 2025, the Alabama House Economic Development and Tourism Committee convened to discuss significant legislative measures aimed at bolstering economic growth in the state. The atmosphere was charged with anticipation as committee members deliberated on a series of bills designed to create jobs and enhance infrastructure.

One of the standout proposals involved the city of Coleman, which is seeking to acquire approximately 100 acres in Dover County for a new resort project. This initiative is projected to generate around 300 jobs and an investment of $250 million, which would significantly impact local schools and infrastructure. The anticipated revenue from this project could provide over $1.2 million for county schools and $3.2 million for county roads when fully funded. The committee emphasized that this development would also support job training programs at Wallace State Community College, preparing the local workforce for new opportunities.

A key point of contention was the inclusion of an amendment that explicitly prohibits any gambling enterprises, including casinos, in the area. This legislation is set to sunset on June 1, 2026, if the resort project does not commence, ensuring that the community's concerns about gambling are addressed.

In addition to the Coleman project, the committee discussed a bill aimed at improving the state's energy infrastructure. Senator Orr highlighted the need for a streamlined process to deliver power to new projects, which has historically caused delays and hindered economic development. The proposed legislation would establish a fund for procuring long-lead-time equipment, ensuring that necessary infrastructure is in place to support new businesses.

Furthermore, the committee reviewed the reallocation of funds from the Alabama 20 First Century Fund, which is expected to direct $16 million annually to the Alabama Energy Infrastructure Bank. This funding is crucial for supporting energy infrastructure and economic development initiatives across the state.

As the meeting concluded, the committee members expressed optimism about the potential impact of these legislative efforts on Alabama's economy. With a focus on job creation and infrastructure enhancement, the discussions underscored a commitment to fostering a vibrant economic landscape in the state. The outcomes of these proposals will be closely watched as they move through the legislative process, with the hope that they will pave the way for a prosperous future for Alabama.