Magic City Marketplace: Stunted Downtown Growth?

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Magic City Marketplace: Stunted Downtown Growth?

Birmingham’s received a lot of attention for its downtown revival with more apartments and a grocery store slated to open in the next couple of years. But that has some business types warning that growth could be stunted because of the city’s taxes. That’s where we start with this week’s Magic City Marketplace.

Andrew Yeager

Announcer Producer



Magic City Marketplace

Birmingham is big business and small. But whatever the size of the operation, the marketplace is connected by people who have to grapple with numbers and projections and spin. We try and slice through the psychobabble that can be business news with a weekly discussion of who's up and who's down, why the market reacts a certain way or what a business closing or opening means to you.

Why is Commercial Real Estate such a Hot Commodity in Birmingham?
07-25-2016

Birmingham is attracting a lot of commercial investment. Since 2011, out-of-state investors have spent more than $3.8 billion on commercial property in Jefferson and Shelby Counties. This trend is said to have peaked in 2014, but experts say investor money is still flowing into the city. In this week’s Magic City Marketplace, Ty West, editor […]

Strong Headwinds Against Wind Energy in Alabama
07-11-2016

Drive through the Midwest or Great Plains and you may see expansive wind farms rising from the fields. That sight is not something you see in Alabama. Still there are those who see a place for wind energy in this state and we talk about it in this week’s Magic City Marketplace.

Cahaba Grand Sale Leaves Void for Large Events
07-4-2016

Alabama’s largest church, the Church of the Highlands, purchased the Cahaba Grand Conference Center for $8 million earlier this year. As that facility along Highway 280 transitions from conference venue to house of worship, it’s causing ripples through the Birmingham area event space market. We talk about it in this week’s Magic City Marketplace.

A Birmingham Business Mystery may be Revealed, Soon
06-27-2016

A “good news” Birmingham business mystery may soon be revealed. The firearms business is booming. Changes in the industrial economy are impacting Alabama’s waterways and roadways.
Ty West is Editor of the Birmingham Business Journal. He joins WBHM’s Scott Hanley to consider some of these latest stories in the Magic City Marketplace.

The Potential for a New Round of Bank Mergers
06-20-2016

Birmingham’s banking industry is not what it used to be. After major acquisitions in the 2000s and the Great Recession, Birmingham is left with two big banks: Regions and BBVA Compass, which was snapped up by a Spanish financial giant. While all that activity has died down, there’s chatter we could see a pick up in mergers and acquisitions among banks. We start there in this week’s Magic City Marketplace.