
The city council has approved an agreement between Mountain Brook and Homewood regarding the redevelopment of Brookwood Mall. The cities plan to collaborate and prioritize what is in the best interest of both communities once they receive the developer’s future plans. This contract ensures that.
Homewood owns just over 50% of the property, Mountain Brook owns around 40%, and Jefferson County owns close to 10%. However, the county is not part of this agreement, as their part in this property pertains specifically to taxes. The agreement excludes Target and office buildings and focuses solely on redevelopment efforts, not on any existing structures outside of the mall property.
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