By
Associated Press
.
Published: Sat, October 06, 2007 - 11:19 am
Last Updated: Sat, October 06, 2007 - 11:48 am
ORANGE BEACH, Ala. (AP) - Lawyers for Orange Beach and the144-acre Bama Bayou project will pursue a revenue-sharing deal that
could bring a convention center and hotel to the Alabama Gulf
Coast.
The Orange Beach City Council has voted unanimously to pursue a
30-year arrangement with the Bama Bayou developers.
The deal would allow them to recoup nearly half of the sales and
lodgings tax collected at Bama Bayou and also to create a special
district on the property so that additional taxes can be levied.
Bama Bayou, formerly known as Orange Beach Riverwalk, is an
entertainment district being built on formerly city-owned land at
the northern landing of the Foley Beach Express toll bridge.
The project is a collaboration between Orange Beach-based Joe
Raley Builders and Mobile real estate conglomerate The Mitchell
Company Inc.
The developers plan to build hotels, condos, a Gulf World Marine
Park, restaurants, shops, a convention center and marina on the
property.
(Copyright 2007 by The Associated Press. All Rights Reserved.)
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Great, lets tear down more natural habitat in the name of money. There’s enough down there to go do already. Was the Warf not enough? Just another case of Orange Beach selling out its locals for another dirty dollar. What a crying shame…