Troy University and Phenix City officials gathered at the foot of the 14th Street bridge on September 22 in a ceremony transferring nearly four acres of property on the city’s Riverwalk to the University.
The $2.965 million dollar parcel is expected to become an anchor for future development of the Riverwalk.
“We are pleased to receive this gift from Phenix City, and we look forward to being the catalyst for Riverfront growth,” said Dr. Jack Hawkins, Jr., Chancellor of Troy University.
“We’ve enjoyed an outstanding relationship with the people of Phenix City for more than 35 years and look forward to strengthening that relationship as the city enters this new phase of growth,” he said.
To serve as an anchor for future development, the University expects to begin construction on a 30,000 square-foot building on the site, once funds have been raised to cover the construction costs. The University’s intent for the building is to house Sorrell College of Business programs along with various other educational opportunities the University offers. Its current campus in Phenix City will continue to operate.
“This project has been a work in progress and a true partnership with Troy University,” said Phenix City Mayor Jeff Hardin. “This gift is an incentive and an investment in the Riverwalk’s future. TROY will benefit, the city will benefit and future development will benefit.”
In addition to the mayor and University officials, the Phenix City Housing Authority, Downtown Redevelopment Authority and the East Alabama Riverfront Development were also represented in the ceremonies.