Jefferson County Gets $25M For Infrastructure, Economic Development
By Barnett WrightThe Birmingham Times
Some area leaders called it the luck of the Irish.
On March 17, the Alabama Supreme Court ruled that Jefferson County can refinance nearly $600 million in school construction bonds and use $60 million in annual savings for area projects.
The $60 million includes $36.3 million every year to Jefferson County, of which $25 million will go for road repairs and construction and the rest to furnish economic development incentives, according to county officials.Commission President Jimmie Stephens said the money will help with acquisition of land for industrial parks.
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