Montgomery Business Journal

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February 2016

BICYCLE FRIENDLY

The League of American Bicyclists’ Bicycle Friendly America program listed Montgomery on the Fall 2015 Round Bicycle Friendly Community Awards and Honorable Mentions.

The city developed nearly 160 miles of bicycling infrastructure and there are plans to add another 189 miles within the city limits. The Montgomery Metropolitan Planning Organization has plans to add 420-plus miles for bicyclists in its regional area.

Montgomery Mayor Todd Strange said in a statement that the honor “is also proof positive we’re peddling faster toward our goal of becoming the most bicycle friendly city in Alabama.”

LEASE ANNOUNCED

Houston-based engineering and construction company KBR has signed a lease for 80,000 square feet of office space at the Galleria Tower in Birmingham.

The company will occupy four floors of the 275,000-square-foot building at Riverchase Galleria, which is owned by Montgomery-based Jim Wilson & Associates. KBR is expected to bring 400-plus employees.

“With an outstanding effort by all parties working together, this new deal puts in place another exceptional company at the Galleria Tower,” Jim Wilson & Associates CEO Jim Wilson III said in a statement.

Jim Wilson & Associates has invested millions of dollars the last three years to renovate Riverchase Galleria, which is the state’s largest mixed-use project with a shopping center, office building and hotel. It will celebrate its 30th birthday this year.

UBER COMES TO MONTGOMERY

The Montgomery City Council approved an ordinance that permits ride-sharing companies such as Uber to operate here.

Strange told the Montgomery Advertiser that “it means we’re progressive, a city on the move. It’s going to attract more millennials, more businesses, because they have an alternative transportation.

CLASSIFICATION CHANGE

Alabama is now being classified as an in-bound state by Atlas Van Lines for the first time in six years. Alabama is just one of 12 states where in-bound moves outnumber people leaving the state. More than 55 percent of the Atlas Van Lines moves in Alabama are for people coming to the state.

BANK MERGER COMPLETED

The merger of River Bank & Trust and Keystone Bank, which has branches in Gadsden, Auburn and Opelika, has been completed.

The combined bank has about $700 million in assets and nine branches. The former Keystone Bank locations have become River Bank & Trust branches.

“Now as part of River Bank & Trust, Keystone Bank clients will enjoy a banking home with the same people and commitment to service, with the addition of more locations; a broader set of products; and larger credit capacity,” Jimmy Stubbs, president and CEO of River Bank & Trust, said in a statement.

OPEN FOR BUSINESS

The five-story, 123-room Wind Creek Casino & Hotel Montgomery has opened and features eight suites, a salon and an events center.

The Poarch Band of Creek Indians invested $65 million in renovations to the property, which has 2,200-plus gaming machines on the casino floor; BB King’s Blues Club; a 195-seat Itta Bena Restaurant; and a fast-food outlet called Lucille’s.

“I cannot adequately express how proud I feel today, when big plans and big dreams have finally come to fruition,” said Stephanie Bryan, tribal chair/CEO of the Poarch Band of Creek Indians. The tribe also owns Wind Creek Wetumpka and Wind Creek Atmore.

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