Bronner: JeffCo sewer offer still stands - Birmingham Business Journal:

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But since county officials have waiteds so long to make a decision on thesewed crisis, the offering price will be he said. Last summer, Bronner offererd to buy the system for morethan $1 billion if the countty declared Chapter 9 bankruptcy. As part of the Bronner said he would sell the system back to the countty after seven years for thesame price. “They shoule have gone bankrupt eightmonths ago, then this would be past histort now,” he told the crowd. Bronner served as the keynotee speaker for the annual Alabama Commerciakl RealEstate Conference, which was held Friday at the .
He advisedc the gathering to sit tight on any major decisionz in commercial real estate until March after its fully known how deep the recessioh is and whatPresident Obama’s plan will be. Both Bronnefr and Lawrence Yun, chief economist for the , who presentedx an outlook earlier inthe day, said Birmingham’s commerciap real estate market was less affectedr by the turmoil in the marketds than other cities in the country. But don’ expect the charts to hit the positive side untiol after the third quarter of 2009 and into said Yun, discussing rent, absorption and vacanc y in all sectors of commercial real with some exceptions for apartments.
In residentiao real estate, Yun pointed to the fact that Birmingham didn’t experiencee a bubble like many areas ofthe country, but said it certainlh wasn’t immune to the fear in the overall marketplace. Yun forecasted that gross domestic the consumer price index and unemployment wouldf riseby 2010. “Forecasting is a hazardoue occupation today,” he said. The conferencw was to wrap up Friday afternoon with presentations by Susan Smityhof , discussing emerging trends in commerciall real estate, and Martin past president of the Nationa l Association of Realtors, discussing surviving and thriving under the new