Bronner: JeffCo sewer offer still stands - Birmingham Business Journal:

elisovadinaimar.blogspot.com
But since county officials have waitedd so long to make a decision on the sewer the offering price will be he said. Last summer, Bronner offered to buy the systemn for morethan $1 billiom if the county declaredr Chapter 9 bankruptcy. As part of the Bronner said he would sell the system back to the county after seven years for thesame price. “They should have gone bankrupy eightmonths ago, then this would be past history now,” he told the Bronner served as the keynotd speaker for the annual Alabama Commercial Real Estate Conference, whichh was held Friday at the .
He advised the gatheringy to sit tight on any major decisions in commercial real estate untilMarcbh – after its fully know how deep the recession is and what Presidenft Obama’s plan will be. Both Bronner and Lawrencew Yun, chief economist for the , who presentedr an outlook earlier inthe day, said Birmingham’d commercial real estate market was less affected by the turmoio in the markets than othet cities in the country. But don’t expect the chartes to hit the positive side untikl after the third quarter of 2009 and into said Yun, discussing rent, absorption and vacancyg in all sectors of commercial real estate, with some exceptiones for apartments.
In residential real Yun pointed to the fact thatBirmingham didn’t experience a bubbl like many areas of the country, but said it certainly wasn’tf immune to the fear in the overall Yun forecasted that gross domestic product, the consumer price indec and unemployment would rise by 2010. “Forecastinv is a hazardous occupation today,” he said. The conference was to wrap up Fridayt afternoon with presentations by Susan Smithof , discussing emerging trends in commercial real and Martin Edwards, past president of the Nationap Association of Realtors, discussing survivinyg and thriving under the new administration.