Tuscaloosa developer Stan Pate will be a partner for retail development at the site, Langford said.
Because there’s nothing better than tying your development to a known crook who also likes to get himself tied up with shady politics and is from out of town.
The mayor said the sports-themed development, which will include commercial and residential components, will be open by September 2009. “It will take on the same flavor as Five Points South,” he said.
You can just do that arbitrarily you know. Take a neighborhood with 100+ years of history and photocopy it on the other side of town.
Langford said another company, which he declined to name, is interested in buying the naming rights for the development’s indoor track. That should bring in $3.5 million to $5 million, he said.
Riiiiight. In fact, $3.5-5 million will get you a major sports league facility.
Some of those are low-ball offers because of prior relationships between the rightsholder and someone on the inside, and many are older, but there’s no way that an indoor track facility in Birmingham, AL gets seven figures. The only way that the naming rights would bring in that much is if there’s something shady involved. So, probably, he’s right there.