Downtown Development
Birmingham Revitalization: Developers Spur Growth in Avondale, Downtown
Behind every new coffee shop and oyster house and once-vacant building is a real estate developer. The same goes for parks and condos and baseball fields. To understand how developers choose where to invest, we'll start in Avondale.
Birmingham Revitalization: While Downtown Grows, Frustrated Citizens Feel Left Behind
By certain indicators, Birmingham is having a moment. Boosted by the openings of Railroad Park and Regions Field, downtown’s seen almost 40 percent residential growth since 2000. Construction cranes dot the skyline, historic buildings are being restored, and the city was recently named a top destination by Lonely Planet and the Travel Channel. Despite this, Birmingham’s revitalization has only touched part of the city, leaving many longtime residents feeling ignored.
Birmingham and “The Metropolitan Revolution”
Downtown Birmingham and some nearby neighborhoods are seeing an influx of new residents, mainly young professionals and retired baby boomers. It’s a national trend -- the Census Bureau reports millions of Americans have migrated from the suburbs to the cities since 2010. Experts like Bruce Katz,a Vice President of the Brookings Institution and co-author of “The Metropolitan Revolution: How Cities and Metros Are Fixing our Broken Politics and Fragile Economy," think this is a good thing. Katz believes cities like Birmingham are the new economic engines in post-recession America. Katz spoke with WBHM's Greg Bass about his visit to Birmingham last year, and the central idea behind what he calls “The Metropolitan Revolution.”
Fighting Blight: More Demolitions, Tougher Code Enforcement in 2016
It’s not unusual to drive along some inner city Birmingham streets and see well-maintained homes alongside burned structures and weed-infested lots. For years, residents have complained, and, if they were lucky, some lots and abandoned property were cleared. This year, with millions more in the budget and new laws with penalties for owners who don’t maintain their property, the city is hoping to stop blight in its tracks.
Birmingham’s Blight – Ravaged Inner City Communities Ready for Change
Birmingham has received national attention for its booming downtown revitalization and new development projects. But that's not the whole story. Less than a mile from downtown gems like Railroad Park and Regions Field, inner city neighborhoods struggle with decaying, abandoned homes and buildings.
Uncertain Future for State’s Historic Building Tax Credit
It’s a busy day inside the McWane Science Center downtown. Kids play around a brightly colored Rube Goldberg machine in the center’s pristine lobby. But look out the window across Second Avenue North, and there's something very different: the eight-story building that once housed the Pizitz department store, closed now for almost 30 years. Windows are missing, and the façade shows 92 years’ worth of cracks and stains. You’ll also see construction crews working to rejuvenate the building.
The Financial Confidence Gap
Surveys show women make the majority of purchasing decisions in any given household. But when it comes to confidence with money, they trail men. We talk about that in this week’s Magic City Marketplace. Birmingham Business Journal editor Cindy Fisher Crawford tells WBHM’s Andrew Yeager about this Vanderbilt University study and what it reveals about a financial confidence gap.
Potential Changes to State Incentives
When it comes to attracting new or expanding businesses to Alabama, incentives are a tool state leaders say can make the difference. However, Alabama has been falling behind its southern neighbors when it comes to incentives. A bill in the legislature would make changes to that and we talk more from Birmingham Business Journal editor Cindy Fisher Crawford in this week’s Magic City Marketplace.
Magic City Marketplace: The Future of the Historic Tax Credit
Some of downtown Birmingham's redevelopment projects have been helped along by Alabama's historic tax credit. But that credit is capped and will sunset next year. So developers and political leaders are debating what to do with this popular incentive. We hear more from Cindy Fisher Crawford in this week's Magic City Marketplace.
