One of the most prominent vacant buildings in downtown Birmingham is about to get a $24 million transformation into 140 workforce housing apartments thanks to opportunity zone funding and a new initiative by the city of Birmingham.

Birmingham Mayor Randall Woodfin used the redevelopment announcement of the Stonewall/American Life building at 2308 Fourth Ave. N. to unveil the Birmingham Inclusive Growth (BIG) Partnership, a two-pronged effort to identify potential opportunity zone projects in one of the city’s two dozen designated opportunity zones, and to work with a separate investment board to find opportunity zone dollars to fund those projects.

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By Michael Tomberlin
Alabama Newscenter