Coca-Cola has big plans for its future headquarters in Birmingham, reports AL.com's Greg Garrison.
The city approved a development agreement on Tuesday that will include incentives such as up to $400,000 in water-infrastructure improvements and the building of an access road, as well as tax abatements extending as far out 15 years.
That's according to the city's director of innovation and economic opportunity, Cornell Wesley, who spoke of the visual impact it's going to make from the old Stockham Valve property along I-59/20 and as folks fly into Shuttlesworth.
After the meeting, Coca-Cola United CEO Mike Suco said it'll "welcome everybody to Birmingham. You'll love it."
If you've never seen Coca-Cola branding before, we won't spoil it for you. But it often involves a lot of red. I don't mean financially for the city, though: the planned investment in the future headquarters is a cool $338 million for warehouses, offices and a call center.
Jefferson County incentives are expected to come next week. The project, Suco said, will take three years.