The City of Mobile on Tuesday announced an agreement to purchase hundreds of acres of land in a multi-faceted deal that is intended to provide public access to Mobile’s waterfront for generations, preserve sensitive wetlands and secure invaluable property for 21st century economic development.
The announcement was made in a press conference featuring Governor Kay Ivey (R-AL), Mobile Mayor Sandy Stimpson, University of South Alabama (USA) Foundation President John McMillan and other dignitaries at the Mobile Downtown Aeroplex at Brookley.
The approximately 300-acre swath of land to be purchased is commonly known as “Brookley by the Bay,” sitting along the western shore of Mobile Bay to the east of the namesake aeroplex. It is made up of multiple parcels owned by the USA Foundation.
“Today’s announcement is a win-win for the city of Mobile and the state of Alabama,” Ivey said in a statement.
“By preserving our wetland areas, we are ensuring that future generations of Alabamians can experience the beauty of Mobile Bay,” she continued. “Also, expanding the footprint of Brookley Aeroplex will be an economic boom, not only for the Mobile area but for the entire state. I appreciate everyone involved in this extraordinary project and making it a reality for the people of Alabama.”
Maps of the land can be viewed here.
The purchase agreement, which was approved by the Mobile City Council on Tuesday, is the culmination of six years of negotiations between the City of Mobile and the USA Foundation.
“This is a truly transformational purchase that will impact Mobilians for generations to come,” Stimpson commented. “With this agreement we will secure nearly 150 acres of waterfront property in one of the last undeveloped areas on our shoreline. It will be managed by the City of Mobile Parks and Recreation department for all Mobilians to enjoy. Additionally, the nearly 150 acres being set aside for economic development will ensure Brookley Aeroplex has a great opportunity to sustain the growth that will one day make it the world’s 4th largest site for the construction of commercial aircraft.”
The total purchase price as agreed will reportedly be $42 million, with $33 million due upon the subsequent closing of each parcel and the remaining $9 million payable should an option be exercised by the City within the next 5 years.
“This is a uniquely situated property, located close to downtown Mobile, the Alabama State Docks and adjacent to the Airbus Final Assembly Lines,” McMillan explained. “Development of this property will greatly enhance the economic vitality of the Greater Mobile community and greatly benefits the entire community, the City of Mobile and the University of South Alabama, which the Foundation is chartered to support.”
Of the 150 acres of waterfront property, about 50 acres of coastal wetlands will be purchased with $2 million of NFWF funding from the State of Alabama, and 100 acres at the site of the old Brookley Center will be purchased with $16 million from GOMESA funds.
Of the 150 acres for economic development, approximately 100 acres will be purchased with $15 million from the Governor’s Economic Development Fund. This parcel will be developed into an industrial park that will serve as an ideal location for the aerospace supply chain supporting companies like Airbus, ST Aerospace and Continental. The City of Mobile will also maintain an option to purchase the remaining 50-acre parcel for the next five years for $9 million.
“This is huge win for the City of Mobile,” stated Elliot Maisel, chairman of the Mobile Airport Authority. “Under the city’s ownership, the property will enhance the quality of life for all citizens through future job growth and recreational opportunities. This tract of land is just one piece of the mosaic that fits into the future growth of Brookley over the next 20 years. We look forward to working with the City to maximize the development opportunities surrounding this property.”
The announcement marks the culmination of several years of planning, as well as a long-standing partnership between the City of Mobile and the State of Alabama.
“In particular, I’d like to thank Governor Ivey. Due to the complexity of this transaction, this would not have occurred were it not for her steadfast support,” Stimpson concluded.
Tuesday’s news also comes after a plan was announced in recent months to move all of Mobile’s commercial air traffic to Brookley.
Sean Ross is the editor of Yellowhammer News. You can follow him on Twitter @sean_yhn
