[CPEO-MEF] REALIGNMENT, LEASING: Public-private development at Redstone Arsenal (AL)

[Lenny Siegel <lsiegel@cpeo.org>]

Riley OKs $1B Redstone TIF

Work can begin in spring on massive office site with city, developer as 
partners

Thursday,
By Bob Lowry
Huntsville Times (AL)
March 11, 2010

MONTGOMERY - Gov. Bob Riley has cleared the way for construction to 
begin this spring on a proposed $1 billion office park at Redstone Arsenal.

Riley signed into law legislation that will permit the City of 
Huntsville to create a partnership with a Montgomery company to build 
the massive office park using a tax-increment financing district to 
provide money for public improvements for the development.

The new law takes effect immediately.

The development will help Huntsville house new contractors expected to 
move here behind several military commands that are relocating here 
because of the 2005 Base Realignment and Closure decisions, and perhaps 
future BRACs, Riley said.

...

For the entire article, see
http://www.al.com/news/huntsvilletimes/local.ssf?/base/news/1268302515295150.xml&coll=1

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org



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