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re: New Birmingham Bowl Stadium Progress
Posted on 7/20/20 at 3:17 pm to Ssubba
Posted on 7/20/20 at 3:17 pm to Ssubba
quote:
Irondale is looking to be the next stop. I've noticed young couples moving that direction. Some nice houses inbetween downtown Irondale and Mountain Brook that are far more affordable that what you see in Homewood and Avondale right now.
That's good to see. Like I said, rich Mountain Brook kids aren't typically going to come back to Birmingham and live anywhere outside I-459 beltway. They look at Hoover and Chelsea like its halfway to 30-A.
Crestline Park and Homewood started booming about 7 or 8 years ago, and its spreading into Irondale, Crestwood, and Avondale. Even Woodlawn was showing a few signs of gentrification prior to COVID.
This post was edited on 7/20/20 at 3:22 pm
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Posted on 7/20/20 at 3:23 pm to GoCrazyAuburn
quote:
I don't even know if they've lost their minds
Some definitely have. I know of one not far from me that they've listed it multiple times and have WAAAYYYYY overshot the value every time. They end up reducing it a bunch but even that is too much. They pull it from the market and then a few months later do that same process all over again
I'm curious how many turn into bidding wars and go for over asking. I know that was the case with the Homewood market a little while back (and maybe still).
Posted on 7/20/20 at 3:32 pm to AA7
quote:
I'm curious how many turn into bidding wars and go for over asking. I know that was the case with the Homewood market a little while back (and maybe still).
It still is that way. I live in Edgewood, and if you want to sell your house at a premium, you need to list it slightly below market so that the bidding wars start.
There was a house a few weeks ago.... only 1200 sf or so... and they listed it for $325,000. That was $85,000 above what they paid for it about five years ago. Even still, it was severely under-priced which was I'm sure done on purpose. After multiple offers, sure enough the house closed for $377,000..... $52,000 above the asking price.
The thing is, had they listed it for $379,000, it probably would have set on the market for a week or two before receiving an offer and it would have closed around $370,000.
There is almost zero inventory for houses below $400,000, so when one does come on the market, people lose their minds over it.
Posted on 7/20/20 at 3:46 pm to BHMKyle
Good grief. Makes me appreciate what I have. A 4,200 sqft home 1 year old that I paid 402k.
Speaking of the stadium, if Alabama, Ole Miss, MSU or Auburn has a 6-6 season, you can bet your butt that stadium will sell out for the Birmingham Bowl. Legion field was packed when Auburn and Ole Miss played there.
Speaking of the stadium, if Alabama, Ole Miss, MSU or Auburn has a 6-6 season, you can bet your butt that stadium will sell out for the Birmingham Bowl. Legion field was packed when Auburn and Ole Miss played there.
This post was edited on 7/21/20 at 12:20 am
Posted on 7/20/20 at 3:54 pm to AA7
Irondale has been gaining for several years. Great location, 20 min from downtown/UAB, Trussville, 280/Galleria. There are a lot of cool old houses to be bought fairly cheap and refurbed.
As to prices in Crestwood, compare to Homewood, where the prices are *really* insane for what you get.
As to prices in Crestwood, compare to Homewood, where the prices are *really* insane for what you get.
Posted on 7/20/20 at 4:05 pm to PrattvilleTiger
With the expansion into what was the grassy slope in the North end seating rises to 47k or so. That will sell out and be a competitive ticket with an SEC team in the B'ham Bowl. That said, there are no bad sight lines in that stadium design.
This post was edited on 7/20/20 at 4:06 pm
Posted on 7/20/20 at 4:07 pm to Ramblin Wreck
I have some definite problems with this stadium. The location is poor. It's not close to campus. They should have built Regions Field in the spot where that stadium is and built the stadium where Regions Park is. Would have made more logistical sense.
That being said, it's an improvement over what they had. Planning has never been the strong suit of the city of Bham.
That being said, it's an improvement over what they had. Planning has never been the strong suit of the city of Bham.
This post was edited on 7/20/20 at 4:08 pm
Posted on 7/20/20 at 4:18 pm to BHMKyle
quote:
Crestline Park and Homewood started booming about 7 or 8 years ago, and its spreading into Irondale, Crestwood, and Avondale. Even Woodlawn was showing a few signs of gentrification prior to COVID.
Crestline, Homewood, and Crestwood were pretty popular when my wife and I were looking at houses in 2003. Homewood in the Edgewood area was already out of our price range then, except for the tiny 2/1's. There were some steals in Crestwood then, but most needed considerable work. We only looked at one house in Crestline because there weren't many for sale then, but our realtor kept pushing it and was always on the search for houses there.
I know all 3 have gotten more popular in recent years, but they've been sought after neighborhoods for much longer than 7-8 years, especially Homewood.
ETA: I wish we had bought the house in Crestwood we fell in love with. Wife's dad talked us out of it because of his stereotype of Crestwood of the 90's and worrying about his daughter. We knew the couple that bought it and they sold it 5 or 6 years ago for ~$100k more than they bought it for.
This post was edited on 7/20/20 at 4:22 pm
Posted on 7/20/20 at 4:44 pm to PrattvilleTiger
quote:
Speaking of the stadium, if Alabama, Ole Miss, MSU or Auburn has a 6-6 season, you can best your butt that stadium will sell out for the Birmingham Bowl. Legion field was packed when Auburn and Ole Miss played there.
I'm hoping the new stadium will help the Birmingham Bowl gain a corporate sponsor and move up the chain of prestige. It was a horrible bowl when it was at Legion Field, but with the new venue, it's hands down better than the Liberty Bowl.
And based on location and weather, I think you can argue its better than the the Belk Bowl and Texas Bowl. Sure, Charlotte and Houston are better cities than Birmingham, but they are also a long way away for most SEC fanbases.
Birmingham is within driving distance of a huge portion of the SEC fanbase population. The same can't be said for those other two cities. Charlotte tends to also be colder that time of year.
Posted on 7/20/20 at 4:59 pm to The Spleen
quote:
I know all 3 have gotten more popular in recent years, but they've been sought after neighborhoods for much longer than 7-8 years, especially Homewood.
Homewood prices got relatively high back in the 2006/2007 housing bubble, but it also crashed pretty hard. After the housing crash, you could find deals everywhere.
Like I said, I live in Edgewood. I bought in 2006 and sold my first house in 2013. The market had already started to improve after it hit bottom sometime in 2011 and I still had to take a $25,000 loss on my first house a good 7 years after I bought it. It wasn't always so expensive.
Starting in about 2014 is when things really started to take off.
I'm a real estate junkie and track all the house closings and have for years. Here is the average selling price in Edgewood by year:
**Pre-crash peak was in 2006 at $322,000
2011- $288,000
2012- $296,000
2013- $314,000
2014- $340,000
2015- $358,000
2016- $391,000
2017- $426,000
2018- $454,000
2019- $517,000
2020- $565,000
I keep thinking it will eventually slow down, but every few weeks another 2/1 sells for $300,000, gets town down, and a $850,000 house goes up. As long as that keeps up, I don't see that average coming down anytime soon.
Posted on 7/20/20 at 5:30 pm to BHMKyle
We looked at 2 or 3 2/1's in the Edgewod area in 2003, and from what I remember they were all around $275-$300k. There was 1 3/2(may have even been a 3/1 1/2) in that area on the market at the time, and if memory serves me it was almost $400k. It was still pretty tiny for that price tag, and was definitely out of our budget. It also needed lots of updating. Pretty sure it got torn down and a new house built there.
Posted on 7/20/20 at 6:15 pm to RECConspiracy
"I have some definite problems with this stadium. The location is poor. It's not close to campus. They should have built Regions Field in the spot where that stadium is and built the stadium where Regions Park is. Would have made more logistical sense."
Regions Field was a project between the City of B'ham and the Birmingham Barons. It has nothing to do with UAB other than that part of the land was purchased from UAB.
Watch my lips. UAB is not allowed to build an on campus stadium. We are a part of the University of Alabama system. Our trustees are the UA Board of Trustees. We have to get their permission to build anything. The UAT Board refused to allow us to hire Jimbo Fisher back in the day. The BoT was behind shutting down UAB football. They have turned down a funded(to the point of having all but one of the luxury boxes presold)stadium project on campus already. We also have land already purchased for an OCS. *We are not allowed to build an on campus stadium, period.* It took a big community push to end run things and get this stadium built.
That said, Protective Field is closer than Legion Field, in a better part of town, and you can make it from campus to the stadium in ten minutes if you catch the lights.
Regions Field was a project between the City of B'ham and the Birmingham Barons. It has nothing to do with UAB other than that part of the land was purchased from UAB.
Watch my lips. UAB is not allowed to build an on campus stadium. We are a part of the University of Alabama system. Our trustees are the UA Board of Trustees. We have to get their permission to build anything. The UAT Board refused to allow us to hire Jimbo Fisher back in the day. The BoT was behind shutting down UAB football. They have turned down a funded(to the point of having all but one of the luxury boxes presold)stadium project on campus already. We also have land already purchased for an OCS. *We are not allowed to build an on campus stadium, period.* It took a big community push to end run things and get this stadium built.
That said, Protective Field is closer than Legion Field, in a better part of town, and you can make it from campus to the stadium in ten minutes if you catch the lights.
This post was edited on 7/20/20 at 6:23 pm
Posted on 7/20/20 at 7:39 pm to BHMKyle
quote:
I'm hoping the new stadium will help the Birmingham Bowl gain a corporate sponsor and move up the chain of prestige. It was a horrible bowl when it was at Legion Field, but with the new venue, it's hands down better than the Liberty Bowl.
And based on location and weather, I think you can argue its better than the the Belk Bowl and Texas Bowl. Sure, Charlotte and Houston are better cities than Birmingham, but they are also a long way away for most SEC fanbases.
Birmingham is within driving distance of a huge portion of the SEC fanbase population. The same can't be said for those other two cities. Charlotte tends to also be colder that time of year.
This is EXACTLY what will happen. When the first Bham Bowl between Cincinnati and South Carolina sells out in 2 hours at the new stadium heads will turn. The stadium will for sure help the bowl move up the food chain b/c people will want to go.
Posted on 7/20/20 at 11:25 pm to BhamBlazeDog
quote:
at least from a vision perspective was Langford
Member "Visionland"? I 'member
Posted on 7/21/20 at 1:17 am to Ramblin Wreck
Damn solid looking stadium. Is this where the Alabama state championships will be played too?
Posted on 7/21/20 at 8:35 am to ColdTurkey
quote:
Damn solid looking stadium. Is this where the Alabama state championships will be played too?
Would assume so
Posted on 7/21/20 at 9:04 am to BhamBlazeDog
quote:
You hit the nail on the head, same goes for people who haven't been to Bham in 5 years hell even within the past 2 years downtown has changed dramatically.
Birmingham has gotten significantly better in terms of nightlife, livability, etc for young people who like to go downtown. I agree that many of the stereotypes no longer apply. It's a great city to live in if you like southern culture.
Its glaring problem is the one no one in Birmingham likes to talk about though. Jobs and population growth in the metro area are completely stagnant despite being in a region of the country where most cities are experiencing 10% + growth each decade. The reality is that almost every city in the south has gone through urban revitalization, just like Birmingham. Everyone has breweries, parks, downtown living, etc. Birmingham still can't compete with Nashville, Charlotte, or Atlanta in attracting high paying jobs. So for every young college grad we convince to move here, another just left to take a raise in Nashville.
Posted on 7/21/20 at 9:13 am to AUCE05
quote:
I am not sure how realistic it is. But the appeal of the Big 12 capturing some of the Bham market has to be intriguing. From an eye ball perspective, it would be right behind the large Texas markets.
No P5 conference is going to add a team that is the 2nd choice team to virtually all of its fans. We are talking about a program that was nearly shut down a few years ago and now you guys are talking Big 12? Alabama is as saturated of a market as you will find anywhere. Like others have said, the AAC is a realistic goal as well as the ceiling.
Posted on 7/21/20 at 9:33 am to MillerLiteTime
quote:
Its glaring problem is the one no one in Birmingham likes to talk about though. Jobs and population growth in the metro area are completely stagnant despite being in a region of the country where most cities are experiencing 10% + growth each decade.
This is very true. I've been saying it for years... there is almost zero growth in Birmingham, and the outlook for the future is not good. If Regions ever gets bought out, we'll really be in trouble.
Nominal Growth in MSA Population from 2010-2019 for Major Southern Metros:
+1,205,000: Dallas
+1,145,000: Houston
+735,000: Atlanta
+600,000: Miami
+510,000: Austin
+475,000: Orlando
+410,000: Tampa
+410,000: San Antonio
+395,000: Charlotte
+290,000: Nashville
+260,000: Raleigh
+215,000: Jacksonville
+155,000: Oklahoma City
+150,000: Kansas City
+105,000: Richmond
+80,000: New Orleans
+60,000: Louisville
+55,000: Virginia Beach
+30,000: Memphis
+30,000: Birmingham
+15,000: St. Louis
I included the entire SEC footprint plus Oklahoma, North Carolina, and Virginia. Only St. Louis added fewer people to its population in the last 9 years.... and its a stretch to even include it on the list.
Atlanta, Nashville, Raleigh, North Carolina, and Texas are siphoning population from places like Birmingham, Louisiana, Mississippi, and Memphis.
Posted on 7/21/20 at 10:10 am to BHMKyle
quote:
This is very true. I've been saying it for years... there is almost zero growth in Birmingham,
I blame it all on people accidentally stumbling across The Paul Finebaum Show when channel surfing.
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