Here’s one benefit to a new Birmingham Barons (Class AA; Southern League) ballpark no one saw coming: the downtown industrial real-estate occupancy rate went way up.
In fact, the vacancy rate is down to a current 11.9 percent from 16.5 percent in the fourth quarter of 2011, reports the Birmingham Business Journal. Causing the huge decline: the loss of industrial space at the ballpark site. It’s a double hit: the available inventory is lessened by the ballpark construction, and firms formerly using space at the ballpark site needed to find new space elsewhere in the city.
The $64-million ballpark and Negro Leagues museum will be located near downtown Birmingham at Railroad Park. Naming rights to the facility are carrying over from the Barons’ current home, Regions Park in suburban Hoover.
RELATED STORIES: Birmingham mulls changes in design team; Developers lining up to take advantage of new Barons ballpark;Birmingham: Design of new ballpark still evolving; American Association: We’d be interested in Hoover team; Entertainment district planned for Barons ballpark area; Demolition planned for Birmingham ballpark site; Birmingham postpones Barons ballpark vote; Barons ballpark plan moves forward, adds Negro Leagues museum to mix; Birmingham: We’re close to finalizing ballpark plan; Birmingham ballpark situation more complicated than anticipated;Barons reach deal to play at new ballpark; Birmingham formally approves downtown ballpark; next up, the Barons; Birmingham approves new downtown ballpark, but second vote needed;New Birmingham ballpark could create $3.8 billion in economic activity: study; Birmingham City Council to vote on new ballpark next week; Birmingham City Council: We support ballpark tax, but we want team first; Birmingham OKs initial ballpark funding plan;Birmingham to discuss downtown ballpark Monday; Downtown ballpark study underway in Birmingham; New ballpark pitched for downtown Birmingham
Share your news with the baseball community. Send it to us at email@example.com.
Are you a subscriber to the weekly Ballpark Digest newsletter? You can sign up for a free subscription at the Newsletter Signup Page.