Tag: Economy

Taxi Rates Increased to Offset High Gas Prices

The Birmingham City Council has approved an increase in taxi rates to offset rising fuel costs. The decision, which passed unanimously after a public hearing yielded no speakers, will add a $1 surcharge to every taxicab ride in the city through at least the end of the year. It’s the first time taxicab rates have been raised in a decade. Read more.

Birmingham Council OKs Minority-Led Housing, Retail and Recreational Development

The Birmingham City Council has approved the sale of 222 acres near Lakeshore Parkway to Green Meadow Apartments LLC, which will redevelop the property into single-family, multi-family and senior housing.

The city will receive $1.5 million for the property, which is located at 1911 Tiger Walk. General contractor Michael German, the former Alabama field office director for the U.S. Department of Housing and Urban Development, has represented Green Meadow Apartments at council meetings. He told councilors that the proposed development will include a park, walking trail and a town center — including a grocery store and a community center — and compared the development to the nearby Ross Bridge community.

Green Meadow is a minority developer, and Cornell Wesley, the city’s director of innovation and economic opportunity, described its project as potentially transformational for the city.

“We are looking at what I believe to be the largest economic impact led by African Americans in our storied history as a city, that being over $100 million worth of economic impact and investment in our area,” Wesley said. Read more.

Sewell Kicks Off Tour Promoting Benefits of the Infrastructure Act

U.S. Terri Sewell, D-Selma, visited Birmingham on Friday to tout improvements coming to the state and region under the $1 trillion Infrastructure Investment and Jobs Act. The act will fund not only road and bridge work in the state, but it also will pay to provide broadband service statewide and improve water infrastructure in areas where residents do not have access to clean drinking water, according to a press release issued by her office. Read more.