Birmingham City Council Approves Funding for the Reinstatement of UAB’s Football Program
UAB football is coming back and thanks in part to support from the Birmingham City Council. Tuesday, the Birmingham City Council approved a resolution for a funding agreement with the Board of Trustees for the University of Alabama at Birmingham (UAB). Under this agreement the City will provide funding in the amount of $2,500,000.00, payable in five annual installments of $500,000.00 each, to support reinstatement of the UAB football program. Council President Johnathan Austin said the football program is not only important to the overall quality of life for the students, but the program also offers another outlet of activities for the public to enjoy.
“We made a commitment last year that if UAB brought their football program back that we would certainly as a city sponsor and support them and our vote this week solidifies that commitment,” Council President Austin said. “Our financial support is a another sign of our promise to foster a positive and continuous relationship with UAB.”
The City of Birmingham makes it a priority to enthusiastically support and encourage economic development on all sectors that contribute to Birmingham in order to develop a solid and diverse local economy. Funding UAB’s football program increases employment opportunities, broadens the city’s tax base, increase revenues and provides necessary and improved services to the citizens of the Birmingham.
The extra stream of revenue generated from UAB’s football games contributes additional economic impacts to the City, such as additional revenue streams from ticket purchases, parking, souvenirs, concessions and team related paraphernalia. Also, the increase in out-of-town visitors in the city will lead to the creation of additional jobs in lodging, restaurant, service and retail industries.
UAB currently employs approximately 18,500 people, at an annual payroll of approximately $749,000,000.00 at its facilities in the City of Birmingham. This annual tax revenue generated is approximately $7,200,000.00 annually. UAB conducted business with nearly 1,800 Birmingham suppliers and spent well over $272,000,000.00 and they continue to partner with the city to grow a vibrant technology-based economy for the entire region.
This article is a contribution from Chiara Perry (email@example.com) in the Birmingham City Council Public Information Office. For more information please contact 205.254.2294.