BRADENTON, Fla. — The Birmingham, Ala., City Council approved the sale of up to $75 million of revenue bonds Tuesday for the construction of a 300-room Westin Hotel and creation of a downtown restaurant and entertainment district near the Birmingham-Jefferson Convention Center.

The council also approved a pre-development agreement with the convention center authority, which owns the land and plans to enter into a qualified management contract for the hotel, according to assistant city attorney Jim Stanley. The hotel will be built by Atlanta-based National Ventures Group LLC.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.