A housing study projects that at current growth rates, the private student housing market in Tuscaloosa will outpace University of Alabama student demand by 2015.
The Tuscaloosa News reports that results of the study were shared with a city council committee Tuesday.
Consultant Joe Zanola told the committee that the current list of student housing bedrooms that are either planned or under construction "greatly exceeds" forecasts for enrollment growth at the University of Alabama.
Tuscaloosa city officials say the Federal Emergency Management Agency has so far paid $5.89 million to help the city recover from the April 2011 tornado.
While officials say they wish the FEMA storm expense reimbursements, which totals $10.5 million, were being paid more quickly, Mayor Walt Maddox told the Tuscaloosa News city leaders understand federal budget cuts and the government shutdown likely had an impact on the payment timeline.
The city council in Tuscaloosa is expected to vote Tuesday on a contract that would secure a $10 million line of credit to help fund storm recovery efforts.
The Tuscaloosa News reports (http://bit.ly/URA3B4) that if approved, it would mark the first money the city would borrow to pay for the millions of dollars in costs associated with rebuilding and cleaning up Tuscaloosa following the tornado of April 27, 2011.