Another authority is up and running in
Birmingham. This time the City Commission has approved the bylaws and
budget for a Corridor Improvement Authority for the city's
Triangle District.
The
authority would take tax revenue generated by improved land, such as a
parking lot developed into a mixed-use building, and let developers use
it to make public infrastructure improvements to their projects. Those
improvements could include things like new streetscapes or parking
structures.
The Triangle District consists of the area bounded
by Woodward Avenue, Adams Road and Maple Road (just east of downtown).
It is experiencing development pressure, prompting the City Commission
to approve the Triangle District plan. The new master plan calls for
developing surface parking lots and underutilized lots into dense,
urban structures that will create a vibrant, pedestrian-friendly and
mixed-use district.
Source: Jana Ecker, planning director for the city of BirminghamWriter: Jon Zemke