The $85 million renovation plan for Councill Courts is closer to becoming a reality. The Huntsville Housing Authority met in a special session Thursday morning to approve the sale of 11.3 acres of land for redevelopment along St. Clair Avenue across from Huntsville Hospital, bordered by Gallatin Street and Lowe Avenue.
"We certainly will take the proceeds from the land that we sell and cause our housing authorities to find additional affordable housing properties for our residents," said Huntsville Housing Authority CEO Michael Lundy.
While the Housing Authority will sell 11.3 acres of land to the city and two developers, it will still hold on to three acres of land on the west side of Councill Courts for future development.
The land sat abandoned for more than two years, but plans show that it will soon feature a parking garage, an office tower, the National Bank of Commerce, a Publix supermarket, a hotel and plenty of restaurants and retail space
The property will also boast a proposed 200 loft-style apartments ranging from $900 to $1100 per month.
"The development of downtown Huntsville will spur economic activity," said Lundy.
The Housing Authority will also continue to honor the legacy of Dr. William Hooper Councill. The Authority, along with the developers, agreed to build a Councill Memorial on the property.
Meanwhile, Huntsville Mayor Tommy Battle is recommending the city chip in $10 million toward construction of a 700-space public parking garage.
Mayor Battle estimates the re-developed Councill Courts will generate $2.3 million a year in liquor, lodging, sales and property taxes. The project is expected to take three years to complete.