Birmingham Landmark gets Facelift

BIRMINGHAM, Ala. (AP) - The Birmingham City Council has approved incentives for a developer's $57 million plan to renovate the Pizitz Building, a downtown landmark that has been shuttered for about 20 years.

Bayer Properties plans to renovate the 87-year-old department store, once one of Alabama's finest, and reopen it as a mixed-use space with retail shops, restaurants and offices.

The city council voted 7-1-1 on Tuesday to provide several incentives. The Birmingham News reports that they include a $3.2 million community development loan, $1.9 million in federal recovery bonds to be repaid by the city, and a guarantee of $7 million of Bayer's construction loan.

Mayor William Bell says the project will spur redevelopment of other historic properties.

Information from: The Birmingham News,

(Copyright 2010 by The Associated Press. All Rights Reserved.)

You must be logged in to post comments.

Password (case sensitive):
Remember Me:
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 102470844 -
Gray Television, Inc.