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Fairhope approves lease transfer and $6.06 million redevelopment bid for K‑1 Center after securing $3.5M grant
Summary
The council authorized transfer of city property for a long‑term lease tied to a $3.5 million grant and awarded a $6,055,579 construction bid for the K‑1 Center redevelopment project.
The Fairhope City Council declared a portion of city property at the K‑1 Center surplus to municipal needs and moved forward with a lease and redevelopment package that leverages a $3.5 million grant from the Baldwin County Community Economic Development Foundation.
Mayor Sherry Sullivan and staff told the council the council’s action will permit a 15‑year lease on a portion of the K‑1 Center property at 106 South Church Street and enable $3,500,000 in grant funding to renovate the facility. The council then awarded the construction contract…
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