Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Birmingham council approves sale of Grand River parcel and forgivable loan for North Birmingham redevelopment
Summary
The council voted June 23 to sell roughly 25 acres at Grand River Technology Park to BK PropCo LLC for $1.85 million and approved an ordinance to support Baldwin Properties LLC’s redevelopment of 1909 14th Avenue with up to $300,000 in forgivable loan incentives; both measures passed after brief discussion.
The Birmingham City Council on June 23 approved two development measures aimed at attracting investment and jobs. The council passed an ordinance authorizing the sale of about 25 acres at Grand River Technology Park along Barber Motorsports Parkway to BK PropCo LLC for a purchase price of $1,850,000 and separately approved a project agreement with Baldwin Properties LLC to redevelop 1909 14th Avenue in North Birmingham into a mixed‑use residential and commercial development.
Council President Alexander read the items onto the record and the clerk moved both measures forward as ordinances of permanent operation. Council discussion on the land sale included praise for the project’s potential to catalyze additional activity at the technology park; Councilor Williams said she was “excited to see some movement” after years of planning.
The Baldwin Properties item included financial details presented to the council: a projected capital investment of about $1,850,000, estimated annual revenue of approximately $492,400 and an estimated creation of 25 to 30 jobs. The city will provide incentives in the form of a forgivable loan not to exceed $300,000, pursuant to amendment 7‑72 as read into the record by the clerk.
Both ordinances were called for a vote and were approved by the council. The council noted that the Baldwin project had been discussed previously in the committee of the whole and was recommended by the mayor and committee. Alexander told the meeting there was no additional vote required after clarifying that item 4 had been changed from a resolution to an ordinance.
Next steps: the mayor is authorized to execute the contract for the Grand River sale; the Baldwin project agreement moves forward under the terms described to the council. The clerk recorded the passage of both items as approved by the council at the June 23 meeting.
