One week after the Jefferson County Commission granted a non-educational property tax abatement for the 2,300 parking space garage at the new Veterans Affairs facility, the Birmingham City Council approved a request from the project’s developers for incentives.
According to a report from Al.com, Councilwoman Shelia Tyson requested a week delay in order for the project’s developer, Graham & Co., to field more questions about the amount of money requested.
But after the City Council decided to table the request for a week, the board took a second look at the issue on Tuesday and decided to grant the request, according to the report.
The developer requested $330,000 from the city that would be made in two annual payments of $165,000. Non-educational property taxes would also be abated for two years under the incentives agreement.
The $60 million Veterans Affairs Medical Clinic, which is slated to open October 2015 will bring more than 2,000 VA employees to the Southside facility.
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The eight-story parking deck will be located adjacent to the 70,000 square-foot clinic at a block formed by 24 th and 25 th Streets and University Blvd. and Seventh Ave. S.
Graham & Co. closed on the property in April for $6.5 million.
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