Update: Redstone Technology Park

The Times reported in this morning's paper that the Redstone Technology Park, a 420-acre office/retail project on Redstone Arsenal property at the southwest corner of the 565/Rideout interchange, is moving forward. The Pentagon must approve a deal between the Army, the developer (Montgomery-based Jim Wilson and Associates), and the city of Huntsville, and that decision is expected any day now. However, it will probably be three years before anything is built, and at least a decade before the project is completed. The city is considering a Tax Increment Financing (TIF) district to pay for infrastructure improvements.

• For more info, check out my June 2008 post on this development.