Alabama
Port of Huntsville gets lift from SEEDS site development grant – Alabama News Center
The Port of Huntsville is receiving a $650,000 Alabama economic development grant designed to boost site development for big industrial projects across the state.
The Site Evaluation and Economic Development Strategy (SEEDS) program will provide north Alabama’s inland port with funding to grade greenfield land and hook up to city utilities.
“We appreciate the investment that the state of Alabama is making in north Alabama at the Port of Huntsville,” said Butch Roberts, CEO of the Huntsville International Airport. “This grant will help create critical infrastructure to support the growing aviation and industrial needs at the Port of Huntsville.”
The Port of Huntsville will use the SEEDS grant to improve a 75-acre site on the northwest corner of the airport property along County Line Road.
Port leaders hope the improved site will attract maintenance, repair and overhaul aviation companies that will benefit from locating at Huntsville International Airport.
“This investment demonstrates Alabama’s commitment to ensuring every community has the tools needed to compete in today’s global economy,” said Ellen McNair, secretary of the Alabama Department of Commerce. “The SEEDS program is helping Huntsville and other Alabama communities create the infrastructure and opportunities needed to attract transformative projects.”
The SEEDS program, part of Gov. Kay Ivey’s “Game Plan” initiative, is designed to meet the growing demand for top-tier industrial sites in Alabama. This program positions the state to remain competitive in attracting major investments as other states intensify their economic development efforts.
The SEEDS program has been transformative for Alabama’s industrial landscape. To date, the state has allocated $30.1 million in grants across 29 industrial sites, leveraging $38.4 million in matching local funds to speed development at sites encompassing nearly 8,400 acres.
A second round of SEEDS funding is in the works, with an announcement expected early next year.
This story originally appeared on the Alabama Department of Commerce’s Made in Alabama website.
Alabama
Lamont Butler is a game-time decision vs. No. 4 Alabama
Kentucky will have to wait until closer to tip-off to find out if it will be at full strength when the Wildcats take the floor against the No. 4 Alabama Crimson Tide on Saturday.
Point guard Lamont Butler had been listed as questionable (shoulder) on Friday’s late-night SEC availability report while power forward Andrew Carr was officially listed as probable (shoulder). The latter was removed from the game day report released by the league two hours ahead of tip-off, meaning he is available to play. As for the former, he is considered a game-time decision inside Rupp Arena.
Kerr Kriisa, out since Dec. 7 due to a fractured foot, was once again ruled out, as expected.
As for the Crimson Tide, they will once again be without Latrell Wrightsell Jr., Houston Mallette and Derrion Reid who missed the team’s loss to Ole Miss earlier in the week. Reid was listed as questionable on the initial report while Wrightsell Jr. and Mallette were declared out on Friday.
The SEC’s new basketball policy states that players must be listed as “out” (0% chance to play), “doubtful” (25% chance to play), “questionable” (50% chance to play), or “probable” (75% chance to play) in the first report on the night before conference games. On the final report released ahead of tip-off, players are designated as “available,” “game-time decision” or “out” in an effort to provide additional clarity.
Tip-off between No. 8 Kentucky and No. 4 Alabama is set for Saturday at noon EST on ESPN.
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Alabama
James Spann: Rain to start the weekend in Alabama, snow chances becoming clearer for Tuesday
Alabama
How much did Alabama football make, spend in 2024 fiscal year? How did other Crimson Tide teams fare?
After operating in a deficit of about $12.1 million during the 2023 fiscal year, that number grew for the University of Alabama athletic department in 2024.
According to Alabama’s NCAA financial report, obtained via open records request by the Tuscaloosa News, the department operated in a deficit of about $28 million in the 2024 fiscal year.
Per an Alabama spokesperson, the net loss was “largely due to one-time expenses associated with the football coaching transition.” Alabama football spent $30.5 million more from July 1, 2023, through June 30, 2024, than in the previous 12 months.
Alabama reported $234.8 million in revenue for the athletic department as a whole in the 2024 fiscal year and $262.8 million in expenses.
Alabama also operated at a $21.2 million deficit in 2019, the only fiscal year between 2005-22 in which the department spent more than it made.
Of the $234.8 million in revenue, Alabama had more than $75 million in contributions provided and used by the athletic department. The department did not report pledges for contributions or contributions set to used for later years.
Of the program’s $262.8 million in expenses, about $65.3 million was spent in coaching salaries.
Alabama football revenue and expenses: How much did Crimson Tide make?
The Crimson Tide football program was responsible for $140.6 million in revenue and $113.8 million in expenses in the 2024 fiscal year.
The leading areas for Alabama football’s revenue were contributions ($53.6 million), ticket sales ($38.3 million) and media rights ($24.9 million).
Alabama football’s $42.2 million surplus was about $3.8 million less than 2023.
Alabama men’s basketball revenue and expenses
Alabama men’s basketball operated in a surplus again in fiscal year 2024. But the number continues to decrease. get smaller and smaller.
After an $8.15 million surplus in fiscal year 2022 and $7.76 million in 2023, the Crimson Tide had about a $6 million surplus in 2024, with $21.3 million in revenue while spending $15.3 million.
Alabama men’s basketball eclipsed $2 million in travel, coming within about $500,000 of the travel budget for the Crimson Tide football team.
Alabama men’s basketball made about $3.3 million in ticket sales, received about $2.8 million in contributions and more than $9 million in media rights.
What did other Alabama sports make in 2024 fiscal year?
In the 2024 fiscal year, the Alabama women’s basketball program operated at about a $4.2 million deficit.
All other Alabama sports lost more than $21 million in the 2024 fiscal year.
Colin Gay covers Alabama football for The Tuscaloosa News, part of the USA TODAY Network. Reach him at cgay@gannett.com or follow him @_ColinGay on X, formerly known as Twitter.
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