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Navistar Revving Up Engine Production in Huntsville with $125 Million Expansion

The shovels dug deeply into wet but fertile ground as Navistar officially broke ground this week on a 50-acre, $125 million expansion of its manufacturing facilities in the Jetplex Industrial Park in Huntsville.

Ground was broken for the ground-breaking $125 million Navistar expansion. (Photo/Kimberly Ballard)

The build-out will drive Navistar’s total Huntsville footprint to 80 acres and add 110,000 square feet to its 300,000 square-foot plant. It will also add 145 skilled manufacturing jobs to build next-generation, big-bore powertrains.

“Over the past two decades, the city of Huntsville has been a valuable partner and we are eager to expand our presence here,” said Persio Lisboa, executive vice president and chief operating officer, Navistar. “The local skilled workforce has proudly supported the implementation of our product strategy, and we look forward to incorporating some of the most advanced manufacturing standards into our Navistar Diesel of Alabama facility to continue to bring best-in-class products to the market.”

Huntsville Mayor Tommy Battle tied Navistar’s truck engine production here to the rocket engines under development just a few miles away’

“Our skilled manufacturing workforce is ready to take on the production of Navistar’s global powertrain, adding capacity to Huntsville’s reputation as the ‘propulsion capital’ of the world,” he said. “Whether it’s across the country or across the universe, Huntsville gets you there.”

Already using the latest state-of-the-art technology, the company will implement a “manufacturing 4.0 strategy” in the plant.

Next-level software and assembly lines will drive everything from receiving components to delivery to the customers, revving up production while giving them more control over that production.

Navistar’s A26 engine is built in Huntsville. (Photo/Kimberly Ballard)

Navistar’s principal engine built in Huntsville is the International A26 – a 12.4-liter big-bore engine. The current 300,000 square feet of manufacturing space is dedicated to the A26 engine.

Navistar will use the additional space to produce next-generation big-bore powertrains developed with its global alliance partner Traton.

According to Brandon Tucker, Director of Operations, Navistar has built more than 1 million engines in Huntsville over the past 20 years.

“It’s easy to say one million engines, but if you step back and think about that – it’s a lot of engines,” he said. “It’s a lot of parts. It’s a lot of overtime. It’s a lot of work fixing problems. It’s a lot of hard work.

“Engines are what makes us great, it’s what gives us the competitive advantage … so this is really about a big job, well done.”

Tucker said it is also about business continuation.

“It’s a line in the sand, a jumping off point for big things to come,” he said. “Like any industry, we ride the tide of ebb and flow … but today it is time to focus on the future.”

He said things will move quickly on the new building with center office construction starting in March, site work and grading should begin by spring with core construction expected to start by midsummer. It is slated for completion the first half of 2023.

“Jetplex Industrial Park at Huntsville International Airport is proud to be home to Navistar,” said Rick Tucker, CEO of the Port of Huntsville. “Having been a corporate partner of theirs for over two decades, it means a lot to us that they would desire to continue to grow both the facility and their relationship with us.

“I’m certain that we will all work together to continue to propel Alabama forward.”

‘Super Block’ Along University Drive Getting $27 Million Facelift

A welcomed and long-awaited facelift is coming to a stretch of one of Huntsville’s primary thoroughfares.

A 45-acre block off University Drive at Independence Drive and Lancewood Drive will be revitalized in a $27 million acquisition by  Philadelphia-based Penn Capital, an integrated private investment company.

The former GuestHouse Suites are part of the $27 million redevelopment project. (Image provided by Penn Capital)

The company has purchased the former GuestHouse Suites from the Huntsville Hospital Foundation as part of the acquisition. The project includes renovating and redeveloping three properties along University Drive across from the University of Alabama in Huntsville.

In addition to the former GuestHouse Suites at 4020 Independence Drive, Penn Capital is revitalizing the former North Ridge Apartments and the Continental Apartments adjacent to it. The project totals 458 apartments along University Drive and creates a 45-acre “super block” of 546 apartments. It is strategically aimed at revitalizing the surrounding community, which has suffered from blighted conditions over the past 10 years.

According to Penn Capital founder Ed Rogan, the properties fit the company’s investment strategy to invest in Sun Belt markets from Texas to Florida where there is tremendous economic growth.

Penn Capital plans to invest $5 million to redevelop the former GuestHouse Suites at 4020 Independence Drive.

Penn Capital wanted to come into Huntsville, he said, because of the job growth around the new Toyota production plant, and the aerospace and military presence.

“We look for projects in good areas or even areas that have had some distress issues like these three properties,” Rogan said. “A lot of people would have passed on this project because it isn’t visually appealing, but we have a vision where our work revitalizes the community and surrounding neighborhood and improves the standard or living and quality of life for people.”

Just two miles east of the MidCity Huntsville project, the former North Ridge Apartments complex has been renamed Madison Grove. It consists of 105 buildings and 390 apartments, all two-story townhouses.

“The buildings are in good condition, well built in the mid-1960s,” Rogan said. “They have solid foundations and great structures, but it had become known for a lot of crime.

“We came in and secured the premises by putting up a fence and security cameras to keep out trespassers, put in new lighting to light up the grounds, and the police department hired off-duty police officers to patrol the property. Then we began work improving and upgrading the exterior façade and doing some landscaping to give it curb appeal.”

Madison Grove includes 105 buildings and 390 apartments, all two-story townhouses. (Rendering provided by Penn Capital)

Rogan said they are working with Huntsville’s Blue Star Crime Free Multi-Housing Program to help residents, owners and the managers of rental properties to keep drugs and other illegal activity off their property.

“We are also renovating the interiors with all new appliances and the amenities required to take it from what was a D-class property with a lot of crime, deferred maintenance, and poor living conditions, to a safe and attractive Class-A property for middle class families,” he said.

Rogan said the property did not come without some challenges, however.

“Because of the age of the property, the structures are not up to today’s building codes and even the electrical infrastructure needs to be rewired,” he said.

But, they are working with the city to upgrade it.

“We have the same interests in that revitalization will increase the tax base tenfold, increase the quality of people living there, and create a safer living space,” Rogan said.

The former Continental Apartments will be renovated into The Ave. (Image provided by Penn Capital)

Penn Capital is doing the same with the Continental Apartments, which they have renamed The Ave. It is a two-story, 88-unit apartment community consisting of 66 studios and 22 two-bedroom/two-bath apartments.

“The Continental and hotel are vacant, so we have been able to move quickly to replace all the roofs and windows,” Rogan said. “We are doing a complete redevelopment with new exterior facades and landscaped grounds. It will have high quality, Class-A finishes that will attract higher-end tenants.”

He said the Continental is a unique building from the mid-1960s which was built to house visiting generals and high-ranking military officers who were visiting Redstone Arsenal.

He said they are well built with a good strong infrastructure, structural concrete and steel girders in the ceilings that can be used to increase ceiling height and create trendy styles like exposed-beam ceilings. It will become a smart property, fully outfitted with WiFi and a great opportunity for housing students and families.

Penn Capital plans to invest $5 million to redevelop the aging hotel at 4020 Independence Drive. The original extended-stay already has kitchens that will lend themselves well to studio apartments – a good fit for college students.

“The hotel has a 5,000 square-foot lobby on the first floor that we are renovating and putting in an exercise center, leasing office and clubhouse with a new swimming pool, outdoor kitchen and dog park,” Rogan said. “On the second floor, they are putting in a new shared workspace so people living in the surrounding complexes can come there and use the business center.”

Rogan said the work is expected to be completed on all three properties in about 10 to 12 months and a ribbon-cutting for all three is planned in about 18 months.

Construction on Schedule for North Huntsville Library and Berachah Park

The site is shaping up on Sparkman Drive for the new North Huntsville Library and Berachah Park.

Contractors are on schedule for a fall completion of the joint $10.8 million project – a partnership between the City of Huntsville and the Huntsville/Madison County Public Library.

“The city is proud to make this investment in North Huntsville,” said Mayor Tommy Battle. “Residents need and deserve high-quality places to learn, collaborate, connect and play.

“This project accomplishes these goals with a beautiful new library and park that will serve the community for decades to come.”

The complex is being built at the site of the outdated Bessie K. Russell Library branch, which occupies just 1,700 square feet, at 3011 Sparkman Drive.

The new 19,000-square-foot facility is designed to meet the information-seeking needs of residents with state-of-the-art technology, a café, children’s reading areas, interactive literacy center and a makerspace for entrepreneurs.

“Libraries connect people to resources that build community,” said Kim Lewis, North Huntsville Library Capital Campaign Chairperson. “The new library will serve as a community hub, with two meeting rooms, multiple study areas and an after-school program space for children.

“It will also feature some of the latest technologies such as a workforce development lab, a Makerspace with 3D printers, and an automated sorting machine.”

“We are so excited to show the North Huntsville community what their library can do,” said Laurel Best, Executive Director of the Huntsville/Madison County Public Library. “We will be able to expand the great service of Bessie K. Russell and offer more people an opportunity to use our computer and Internet services, participate in children’s programming and learn STEM-related activities and equipment in the Makerspace.”

For City Council President and District 1 representative Devyn Keith, the new library and park is personal.

“As a kid, I remember coming into the Bessie Russell trailer to do my Accelerated Reader points,” said Keith. “It amazing to have to have a chance to be part of this expansion and investment by the city and generous donors so that children will have a place that inspires and opens doors of opportunity.”

The library will be next to a new city park which will feature walking trails, pickleball courts, multipurpose fields, a pavilion and children’s play areas.

The project architect is Fuqua & Partners and the general contractor is Lee Builders. They expect to complete work on the site in October.

City Receives $1.3M Grant to Renovate Butler Terrace Area

The announcement didn’t come gradually or with the drama that accompanied the rollout of the top four teams participating in the college football playoff, but for the city’s civic leaders the news was just as exciting and filled with suspense for the future.

Huntsville is one of four cities nationwide to receive a Choice Neighborhood Planning grant. The Rocket City joined Rome, Ga.; Trenton, N.J.; and Omaha, Neb.; in receiving the award.

The cities were notified in September and Huntsville officials unveiled plans Thursday on how the $1.3 million grant will be used.

“We’ll renovate west of downtown and around Butler Terrace,’’ said Scott Erwin, the city interim director of community development.

Plans call for new affordable housing, commercial opportunities and entertainment options.

Erwin said the blueprints are designed to renovate “distressed public housing’’ and improve blight in a one-mile radius around Butler Terrace, which was built in the early 1950s. The area is from Bob Wallace and Memorial Parkway west to Triana Boulevard and I-565.

A packed house gathered at First Baptist Church to hear details of the renovations, which are a joint venture between the City of Huntsville and the Housing Authority. Council President Devyn Keith and Councilmembers Frances Akridge, Will Culver and Jennie Robinson, along with Urban and Long Range Planning Manager Dennis Madsen, Real Estate Development for the Housing Authority Quisha Riche and Camiros Planning Coordinator Bill James attended the meeting.

Camiros is a Chicago-based company with experience in planning, zoning, urban design, economic development and landscape architecture. The firm has worked with Choice Neighborhood Planning grant cities, including Mobile.

“Today was about introducing Camiros as partners,’’ Erwin said.

He said community members and not just city authorities will have a voice in the planning of renovations and upgrades.

Residents in areas affected by new construction, he said, won’t be dislocated immediately since the project is only in the planning process. However, residents may have to eventually move for a period of time.

If that happens, Erwin said, the city will relocate residents temporarily and those who were moved will have first options on returning to their community once renovations are complete.

The Choice Neighborhood Planning grant lasts for three years. Once planning goals are met, Huntsville can compete for a $30 million U.S. Department of Housing and Urban Development grant to complete construction.

Erwin said residents in areas including Butler Terrace, Lowe Mill and Terry Heights and Campus 805 are welcomed to voice their opinions.

“They’re engaged in this,’’ he said. “They will have input in this.’’

The Choice Neighborhoods Initiative is a program of HUD. Its goal is to transform neighborhoods of extreme poverty into functioning, sustainable mixed-income communities.

Huntsville Announces Holiday Closures, Delays; Thursday Garbage Collection Moved to Friday

The City of Huntsville’s municipal offices will be closed for the upcoming Thanksgiving Holiday, Nov. 28-29.

The following services will be affected:

Garbage Collection:  Thursday’s residential curbside collection will be picked up on Friday, Nov. 29.

Public Transit:  Thursday’s Shuttle B​us and Handi-Ride services will be closed. Transit service resumes on Friday, Nov. 29.

Parks & Recreation:  Recreation centers and facilities will be closed on Thursday and Friday and will reopen on Saturday, Nov. 30.

Animal Services:  The Animal Shelter and Animal Services will be closed from Thursday through Sunday.

Municipal Court:  Closed Thursday and Friday.

Public Safety:  Police and Fire will remain on duty throughout the holiday weekend.

Ground-breaking Constellation Project Taking Shape

It took more than a decade’s worth of sweat and tears for Scott McLain, but he’s finally able to harvest the fruits of his labor with Constellation.

The multi-use development will be breaking ground next month on an apartment complex and that’s just the first of several projects planned at the Clinton Avenue-South Memorial Parkway site.

“We’re off to the races,” McLain said. “We’ll be moving dirt for another month and then pour concrete for the apartments in early December.”

Constellation is at the intersection of South Memorial Parkway and Clinton Avenue. (Rendering/Constellation)

McLain said Constellation will include a 219-unit upscale apartment building, another hotel to complement the Spring Hill Suites; 25,000 square feet of retail space; 20,000 square feet of small office space and a parking deck.

There will also be a 200,000 square-foot office tower that, McLain said, will “only be limited by physics and economics.”

McLain said he’s recruiting restaurants and retailers that will be new to Huntsville to help make Constellation a destination site.

McLain’s vision began in 2007 when the Heart of Huntsville shopping mall was razed and he had a concept of a multi-use development.

Blending retail with dining with hotels was not widely known at the time. The shopping mall with everything under one roof was slowly being phased out for the likes of “galleria-type” shopping centers.

Along the way, he found and lost investors in the project while coordinating challenging situations.

But, as in life, good things come to those who wait.

And a good thing is coming.

An elevated pedestrian bridge will help connect downtown areas with Lowe Mill. (Rendering/City of Huntsville)

“It’s in part a public-private partnership that we’re happy to facilitate for our community,” McLain said.

McLain has a “committed team” that includes a Chicago investment company and $3 million from the city. The city’s investment includes access to parking and upgrades at the intersection.

At the confluence of I-565, Memorial Parkway and Clinton Avenue, the site has the largest traffic count in Huntsville and will, in essence, be the gateway to downtown Huntsville.

Or, in another vein, “the hood ornament to Downtown,” McLain said.

Another part of the “ornament” will be a planned elevated pedestrian bridge by the city. The plans call for it to span the Parkway and provide a connection for downtown, the Von Braun Center and the Lowe Mill area.

With Constellation, the stars are aligning to help a growing Huntsville meet the demands and the challenges of the future.

Collection Trucks Need City Trash and Recycle Carts to be 5 Feet Apart

There’s a new cart on the block!

Huntsville officials are pleased to see tens of thousands of new blue carts sitting curbside, thanks to residents opting to participate in the recently launched recycling program through Recycling Alliance North Alabama (RANA).

These bins are too close to be emptied by the city and RANA trucks. They must be 5 feet apart.

Now that RANA carts are parked curbside with the City of Huntsville’s green trash receptacles, Huntsville’s Sanitation Department is reminding residents that the carts need to be at least five feet apart.

“Our automated collection trucks need space to secure the cart and empty the trash,” said Stacy Prince, Environmental Services Inspector, Huntsville Public Works Department. “If the carts are too close together, the cans fall over and trash spills all over the street. That can significantly slow the day’s collection process.”

City ordinances require garbage and recycling carts to be placed five feet away from each other, as well as five feet away from mail boxes, utility poles, flower beds, fences, parked cars and other obstacles.  The spacing is necessary for automated trucks and drivers to safely collect trash.

“We appreciate the public’s help in properly placing their carts on the street,” said Prince. “It may seem like a little thing, but they’re helping us keep our community clean and our trash collection trucks on schedule.”

 

Leidos Consolidates MDA Support in Cummings Research Park

After supporting the Missile Defense Agency in Huntsville for more than 15 years, Leidos spent $3 million to retrofit its first physical systems and support center in Huntsville.

Leidos Defense Group President Gerry Fasano. (Leidos Photo/Shileshia Milligan)

The 63,000-square-foot building at 915 Explorer Boulevard in Cummings Research Park consolidates the defense division of the company into one Huntsville location. Defense Group President Gerry Fasano headlined the ribbon-cutting ceremony Thursday along with Huntsville Mayor Tommy Battle and several foreign military delegations.

“This new facility signifies our continued growth in Huntsville, but it also supports our customers in helping them solve problems from a city and a region known for its innovation,” said Fasano. “We help our customers in the defense industry achieve effective, sustained military advantage … from support for C4 (command, control, communications, and computers/cyber) to cyberspace.

“We are doing that from right here in Huntsville. Let’s keep it local.”

In 2016, Lockheed Services Group took $5 billion and merged it with another $5 billion from Leidos to create a $10 billion organization carrying the Leidos name. The move gave Leidos a much bigger footprint in each of the company’s four major areas of expertise: defense, civil, health and intelligence.

Three of those four groups have roots in Huntsville.

The Leidos team has been part of the Patriot and THAAD missile programs and supports MDA requirements and critical services to the warfighter. The new location features automated test equipment that helps provide those systems to Leidos customers at home and abroad.

“Leidos’ civil division has been contracted to NASA here in Huntsville for several years, providing logistics for all the different materials made for the International Space Station,” said Barry McDaniel, vice president of Maritime for Leidos, overseeing support for all branches of the military including the Army.

“Intelligence is also coming to Huntsville soon because the FBI is here; but our missile defense teams have been scattered. This building is an opportunity to consolidate everything related to the Department of Defense Missile Defense Agency counter unmanned air systems. That includes supporting customers all over the world including the United Arab Emirates, Saudi Arabia, Israel, and all of Europe.”

Military delegations from Germany and the Netherlands were in attendance.

“It’s not just about what is happening in this building, but we have five other locations and we are about to put more customers in Huntsville,” said Fasano. “That includes technical field support for U.S. Army RQ-7 Shadow unmanned aircraft systems right here at Redstone Arsenal; end-user IT services for ten NASA centers; and end-user IT services for 37,000 Army Corps of Engineers from our corridors right here in Huntsville.”

The RQ-7 Shadow is the Army’s unmanned aerial vehicle, also used by the Australian and Swedish armies for reconnaissance, surveillance, target acquisition, and battle damage assessment.

Fasano also announced the arrival of Leidos Live – the company’s Innovation Virtual Experience coming to Huntsville in November. Leidos Live is an immersive technology lab and showcase on wheels where visitors will find some of Leidos’ top innovations brought to life. Fasano said it is a must-see.

Leidos, the name comes from the word kaleidoscope – the centerpiece of the instrument from which complex problems are seen from every different angle, is an IT and engineering services company. Leidos employs 235 people in Huntsville out of 34,000 in every state and more than 30 countries.

“To the Leidos team, we are so delighted to see the growth and the expansion and all the things that have happened here that make our economy move forward,” said Huntsville Mayor Tommy Battle. “Five years ago, we started with a very small Leidos group. Today you are threefold, and it’s a story told about Huntsville time and time again – companies throughout Research Park and throughout this city who are growing organically, growing where they are, getting bigger and bigger. Leidos has grown so much they needed a new building.

“We are so glad to be able to help them build it.”

New System Allows Firefighters Access to Businesses After Hours

A locked door is intended to keep people out, but when a building is on fire, that creates a problem. Now, business owners in Huntsville have a solution.

The electric rapid access system consist of a lockbox used to store keys, like the device on the left, and a base unit that stores the e-key to allow firefighters to have access to the box. (Photo/Jonathan Stinson)

The City of Huntsville has partnered with the Knox Company to implement an electric rapid access system, which is designed to give firefighters access to various businesses should the establishment be closed or the doors locked when they need to gain access to fight a fire.

“What we’re actually doing is we’re making it a better system of firefighting for our firefighters by using technology to save buildings, to save dollars, to make sure we can make our community as safe as possible,” Huntsville Mayor Tommy Battle said. “We looked at this for two, three years. We ran some pilots on it and after we got finished with the pilots, we thought it was a great system.”

In 2018, Huntsville Fire & Rescue responded to 9,800 calls to during the evening or weekends when most businesses were closed.

According to the department, when firefighters need to gain access to these locked businesses it can increase the overall response time, pose additional safety risks to the firefighters and end up costing the business owner more because they have to break through a door or nearby window to gain access to the building and extinguish a fire.

Huntsville Fire Chief Howard McFarlen demonstrates how the rapid access e-key and the lockboxes work. (Photo/Jonathan Stinson)

“You know the big fires we go to, when they’re big and we get there, we know what we have to do, Huntsville Fire Chief Howard McFarlen said. “A lot of the times we just do a forceful entry and we take care of the problem. The ones we worry about are the ones where you pull up and there may be a small incipient fire somewhere in a business that we can’t see from the outside.

“… We don’t see any signs from the outside that warrants us to break down doors, so we’re kind of in a ‘Catch 22,’ but we can solve that now.”

The electric rapid access system is simple. A business owner purchases a lockbox from the Knox Company and stores any keys emergency personnel would need to access the business in it. The boxes start around $550 and increase depending on size and the exact configuration. Exact pricing and specifications can be found at knoxbox.com/huntsville-al.

Then, once the box is installed, local firefighters would have access via an electronic key.

The key is charged and programmed via a base unit and, according to McFarlen, if the key isn’t returned to the base unit within about 30 minutes, then it becomes a paperweight.

So, if the e-key gets left behind after a fire, someone walking along would not be able to access other key boxes with it.

The tamper-proof silver cap is designed to go on the fire department connections at local businesses to ensure the system hasn’t been tampered with and functions when needed. (Photo/Jonathan Stinson)

There is also a record kept in the cloud any time an e-key is accessed.

In addition to the electric rapid access system, Huntsville Fire & Rescue is also encouraging local businesses to add a special fire department locking cap to their fire department connection systems.

These caps are designed to protect the integrity of a building’s sprinkler system and ensure firefighters can get supplemental water when they need it.

It also eliminates opportunities for vandalism and damage to the sprinkler when a connection is uncapped and ensuring the sprinkler system is operable when they’re needed can reduce the overall long-term disruption to an affected business, according to Knox.

Information about the Fire Department Connection caps can be found at knoxbox.com/huntsville-al-fdc.

“Addressing fire and life safety issues is a priority for us,” Battle said. “I am proud that Huntsville is the first city in the nation to implement both of these programs, reinforcing our commitment to be a leader in public safety.”

Huntsville Raising the Roof with Hotel Construction

Another hotel is ready to rise in downtown Huntsville.

The city council recently unanimously approved plans to build a Hyatt House on a vacant lot at the intersection of Jefferson Street and Holmes Avenue, across from the federal courthouse building.

The city has designs on having more than 1,000 hotel rooms available downtown for conventions and other large events within walking distance of the VBC.

“We’re getting there,’’ said Shane Davis, city director for urban and economic. “We need to get to about 1,500 rooms. Conferences need available rooms. The Monday through Friday traffic is already reserving existing rooms.’’

Southaven Associates LLC of Birmingham will build the Hyatt, which will add 145 rooms to the city’s goal. NAI Chase Commercial is the development coordinator and Visionquest Capital is the capital and financing partner for the $35 million project.

“Hyatt is one of the most widely recognized brands in the world,” Charlie Grelier Jr., president of NAI Chase Commercial. “We are thrilled to be part of this exciting new downtown development. The hotel is expected to become a top choice for business and leisure travelers due to its ideal location in the heart of the Entertainment District.”

The nine-story hotel will be at the corner of Jefferson Street and Holmes Avenue and will include a full-service restaurant, meeting areas and a rooftop bar.

The restaurant space will be at the lobby level in an open setting with access to a courtyard connecting the restaurant and hotel to the heart of the entertainment district with direct walkable access to additional retail, restaurants and pubs along with a newly constructed public parking deck,” said Mark Elrod Sr., NAI Chase vice president of retail.

Construction is set to begin Jan. 1 with completion date set for Dec. 31, 2021. Davis said construction could be shortened by five months if the weather cooperates.

The city continues to add to not only it’s hotel portfolio downtown but various other businesses such as restaurants. The square and city skyline hardly resemble what they looked like just a few years ago as building in the area continues.

The Hyatt will join other new hotels in downtown such as the AC Hotel that opened this year at the site that once housed the Huntsville Hilton.

Davis said city administrators aren’t fazed by talk from national economists warning a recession might be looming.

“On a national scale there is talk of a small recession,” he said. “(Mayor Tommy Battle) said it best when we recently went for a bond rating. The mayor said there might be a small recession, but we’re not going to participate.”

Davis’s comment was echoed by the financial backers.

“Huntsville is the perfect emerging southeastern market for our capital investment and growth,” said Michael Hanks, founder and managing partner of Vision Quest Capital. “We look forward to investing in its future.”

The city will also purchase land at the hotel site for some $600,000. It will be used to expand the Washington Park area to provide what Davis called a “gathering spot.”

The city will also pay for infrastructure and street improvements at the site that Davis said were budgeted prior to the introduction of the hotel project at an estimated cost of $750,000 to $1 million.

The city will also lease the Hyatt up to 205 parking spaces at the Clinton Avenue garage and a planned garage on Greene Street.