Company eyes planned community in tornado zone
BIRMINGHAM, Ala. (AP) — A developer is planning a 350-home community on undeveloped land in an area of Alabama ravaged by last year's tornadoes.
The Birmingham News reports (http://bit.ly/K3StYf ) that the real estate arm of Pittsburgh Pa.-based U.S. Steel is looking to build a planned community on 200 acres in the tornado-damaged Pratt City area.
USS Real Estate Southern general manager Tom Howard says there have been some residential developments in the tornado-damaged areas of Alabama, but nothing so far in the way of a planned community.
Birmingham city director of special projects Virginia Williams says development would begin with 30 to 40 homes ranging in price from $140,000 to $200,000.
City officials say Birmingham's participation in the funding could come from a proposed $150 million bond referendum for capital improvements.