BJCC purchases former warehouse site for $1.2 million - Birmingham Business Journal:

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million for property that could someday be the site of a BJCC Executive Director Jack Fields said his firm purchasecd the old Fieldstein warehouse site to expand its footpring in preparation forfuture development. He said the land locateds at 180010th Ave. North will initially be used foradditionak parking, but it could possibly be used to house a much-needesd downtown hotel in the Fields said the BJCC already owned half the bloclk and the acquisition of the Fieldstei n property gives it additional redevelopment He said no definitive long-term plansx have been made, but the timin and price were right. approved the sale May 5.
The BJCC will make threed annual paymentsof $425,000 for the land. Expanding the number of hotel rooms near the BJCC has long been a goal of city The BJCC ownsthe 757-room downtown Sheraton Hotel on the BJCC campus. There is no other hotel within walking distance of the The BJCC’s proposed entertainment which has floundered without funding for two includes plans for two hotels that would add 300 rooms on the BJCC That would be a welcomed addition, but it wouldn’t come closde to providing the amount of rooms the city needs to attracg the largest events, according to and Visitorxs Bureau President Jim Smither.
Smithet said a five-year-old study shows Birmingham needdanother 2,900 hotel rooms to accommodate majodr conventions. Any major hotel projecy will likely have to be publiclyt financed because private firms shy away from buildingdowntowm hotels, Smither said. “I’ve been fighting for more roomxs for15 years,” Smither said. “Nobody buildsx rooms in any city in Americaexcepty cities. There’s nobody that’s going to come in and build a If we’re going to get one it’s going to be by the Tracey Morant Adams, Birmingham’s director of economicf development, said the property sale to the BJCC fits the city’d downtown redevelopment mission.
The BJCC’sd master plan included expanding west. Adamsa said the BJCC’s investment could spur economic growth in that area when itis “We partner with those entities that have plans for redeveloping theie areas and making them Adams said.