Monday, March 3, 2008

Second public partnership sought by AIG Baker

Developers want rebate for each out-of-towner they bring to proposed meeting facility
Monday, March 03, 2008
By RYAN DEZEMBER
Staff Reporter

ORANGE BEACH -- Already engaged with the city in a 15-year revenue-sharing deal, developers of The Wharf seek a secondary partnership with the public, this time to build a 25,000-square-foot meeting facility.

The City Council will consider a resolution Tuesday that would kick start negotiations between the city and the Birmingham-based mall builder AIG Baker. Though the details are far from finalized, the developers have presented a sketch of what they seek from the city.

Essentially they want Orange Beach to rebate to them $1.20 for each day that each out-of-towner using the facility is in the city, according to a letter to city officials from AIG Baker's John Hogue Jr.


Click here to read the full article from the Mobile Press-Register.