By that same token, I guess Chicago shouldn't have a taller building than New York........
They are making that big for several reasons, the first reason being, not only is this RSA's flagship project, but this is also what Mayor Dow wanted (doesnt hurt that firms Dow is affiliating with, got contracts on the tower), the tower was originally supposed to be 543 feet tall, but after negotiations with the city, they bumped it up
The region from Lafayette to Panama City, which will be herein refered to as the Mardi Gras Corridor, has seen metropolitan growth rates between 15-35% since 1990 (the exception being New Orleans, which fell a long way in the 80s, to its credit though, its coming back, but more because the region is booming in general)
In the wake of Hurricane Ivan, land values in Orange Beach (yes, devastated Orange Beach) went up almost immediately by at least $100,000 on many properties
Also, Mobile is the only city between New Orleans and Tampa (if you follow the gulf) which can even make a half hearted claim of being a business city
Much of the real estate boom from Pensacola to Fort Walton
Big developers werent willing to build on the Alabama or extreme NW FL coast, because of the redneck riviera stigma, so it fell to area businessmen and developers, and the only place between New Orleans and Tampa that can feign a construction industry is Mobile
So, Mobile developers and Mobile contractors developed all these condos, they created the boom in Orange Beach, they are heavily involved in Biloxi
In otherwords, they made a shitload of money because they were willing to tap a market no one was interested in
The fact that a developer is interested in building a 50 million dollar condo complex on the Mobile River, over railroad tracks none the less, with the belief that they can turn a profit
The real estate market in this area in general is the best its ever been, and the downtown real estate market is at its best state since the 1960s
But to be rather blunt, the reason is this, Bronner was looking to do a urban renewal project somewhere, he is to retirement fund corporations what Trump is to real estate
He would automatically have an easier sell in Alabama, seeing as thats where the corporation is located
And of Alabamas big four, to be quite blunt, we were the only city that made it quite clear to Bronner that we would allow him to do whatever the hell he wanted in his project, short of demolishing the Semmes home
Anything Bronner wants, he gets, and thats not something that any of the other cities could have offered him, and thats why over the next decade, he'll be sinking over a quarter billon (thats just currently announced projects) into the Mobile area
Basically, he's our savior
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Bedsole Means Business
Ann Bedsole for Mayor of Mobile
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