MONTGOMERY, AL (WSFA) -
New development is on the way for Montgomery. But it means one popular downtown destination will be relocated.
It all came down to a unanimous vote of the city council to sell the property where the Montgomery skate park is located.
It's on Bibb Street across from the convention center.
City development directors say a local businessman is interested in building a residential and retail space there.
It's expected to be roughly six stories high--complete with loft apartments and retail shops.
The city council voted to sell the property for $300,000 dollars.
Development directors say once they close on it, the new owner will have one year to start construction.
"It is a significant development that's gonna result in a significant amount of new revenue for the city. Before, no property tax was being paid and very little sales tax because it was just a skate park there on city owned property. So we're gonna turn that piece of property into a great project that's gonna generate revenue for the city," says Montgomery Development Director Chad Emerson.
The park isn't going away. It's just moving.
Development directors say they're looking at two potential locations--one near Cramton Bowl and another near the train shed.
The new residential-retail development is expected to be a $10-million dollar project.
Copyright 2012 WSFA 12 News. All rights reserved.
All content © Copyright 2000 - 2013 WorldNow and WSFA, a Raycom Media Station.
