Quote:
Originally Posted by HSVTiger
More on this, doubt the name will stay as is but this is a large project
The Shoppes at River Bend will be the premier shopping destination for the entire Madison/Huntsville area. It will feature of 2,000,000 SF of GLA, comprised of national (5)anchor tenants, specialty retailers, restaurants, (2)hotels and a 16 screen movie theater. It is strategically located at Highway 565 at Zierdt Road. (New Interchange Planned). Madison/Huntsville is rapidly growing with 15,000 new jobs being created over the next few years.
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This could get ugly, de annex land in Madison to be annexed into Huntsville.
If it goes through, there is a lot of opposition to it.
By WENDY REEVESand JOHN PECK Times Staff
[email protected]@htimes.com
Barron's plan for retail site called 'back room' deal
MADISON - Madison city leaders are furious over state Sen. Lowell Barron's proposed legislation to deannex more than 250 acres that's being considered for a major retail development.
"This is not just coming at us through the back door, this is the back room," said Madison City Council President Tommy Overcash.
Sen. Parker Griffith, D-Huntsville, who said he will do whatever it takes to ensure the development is built, regardless of the host city. Griffith said Breland certainly wouldn't pursue a deannexation that would be contrary to the property's development potential.
"The way I view it, it's a win-win for Huntsville or Madison if they put a $200 million development on that corner. That whole strip along Alabama 20 will then be golden."
Griffith said he's heard conflicting reports on whether Madison can provide the incentives for the massive project. Butler said he met with Kirkindall and bond officials and is convinced Madison can afford competitive incentives.
Madison's financial consultants say "there's no question" that Madison can legally and financially support a major retail development.
"They have a AA rating by Standard & Poor and a Moody's A1 rating, so they are fully capable and certainly have the wherewithal to do what they want to do," Jim Birchall, the city's bond attorney with Walston, Wells & Birchall in Birmingham, said by phone Friday. "Madison has excellent credit in the State of Alabama."
Birchall, who represents cities all over the state, said until the 1990s cities were prohibited from lending aid or credit to private corporations.
Sen. Parker Griffith, D-Huntsville, who said he will do whatever it takes to ensure the development is built, regardless of the host city. Griffith said Breland certainly wouldn't pursue a deannexation that would be contrary to the property's development potential.
"The way I view it, it's a win-win for Huntsville or Madison if they put a $200 million development on that corner. That whole strip along Alabama 20 will then be golden."
Griffith said he's heard conflicting reports on whether Madison can provide the incentives for the massive project. Butler said he met with Kirkindall and bond officials and is convinced Madison can afford competitive incentives.
Madison's financial consultants say "there's no question" that Madison can legally and financially support a major retail development.
"They have a AA rating by Standard & Poor and a Moody's A1 rating, so they are fully capable and certainly have the wherewithal to do what they want to do," Jim Birchall, the city's bond attorney with Walston, Wells & Birchall in Birmingham, said by phone Friday. "Madison has excellent credit in the State of Alabama."
Birchall, who represents cities all over the state, said until the 1990s cities were prohibited from lending aid or credit to private corporations.
Sen. Parker Griffith, D-Huntsville, who said he will do whatever it takes to ensure the development is built, regardless of the host city. Griffith said Breland certainly wouldn't pursue a deannexation that would be contrary to the property's development potential.
"The way I view it, it's a win-win for Huntsville or Madison if they put a $200 million development on that corner. That whole strip along Alabama 20 will then be golden."
Griffith said he's heard conflicting reports on whether Madison can provide the incentives for the massive project. Butler said he met with Kirkindall and bond officials and is convinced Madison can afford competitive incentives.
Madison's financial consultants say "there's no question" that Madison can legally and financially support a major retail development.
"They have a AA rating by Standard & Poor and a Moody's A1 rating, so they are fully capable and certainly have the wherewithal to do what they want to do," Jim Birchall, the city's bond attorney with Walston, Wells & Birchall in Birmingham, said by phone Friday. "Madison has excellent credit in the State of Alabama."
Birchall, who represents cities all over the state, said until the 1990s cities were prohibited from lending aid or credit to private corporations.
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