Latest news with #PatrickMartin
Yahoo
10-05-2025
- Business
- Yahoo
Trussville City Council to consider selling Glendale Farms
The following article is by Chris Basinger, news editor of the Trussville Tribune: TRUSSVILLE, Ala. (Trussville Tribune) — The Trussville City Council is expected to consider selling the Glendale Farms property during its next meeting on Thursday, May 15. Originally intended to serve as the home of Trussville's fourth elementary school, the future of the site has been uncertain following last year's failed property tax increase. Without the additional funding for all of the school expansion projects, Trussville City Schools has had to prioritize the construction of the C-Wing at Hewitt-Trussville High School as it faces 104% capacity. During today's council work session, Mayor Buddy Choat spoke on the proposed sale, saying the city currently has an offer on the table to sell all 230 acres of the property. 'There's really no reason to hold onto it for the school now with the uncertainty of exactly where all the new homes that may be built and where that new school might need to be,' Choat said. He added that he had spoken to Superintendent Dr. Patrick Martin as well as Jefferson State, which also had plans for a facility on the site, and that they were both ok with the sale. Longtime Arkestra member Marshall Allen sitting out Sun Ra Festival in Birmingham The city purchased the property in 2022 for just under $4 million. Following the failed vote, the mayor spoke with multiple potential buyers about the sale of part or all of the property. The potential buyer is now requesting that the plot be rezoned from Industrial-2 to Agriculture-1, which has to go before Planning & Zoning, and reportedly intends to use the property as a farm. Choat added that though the offer is not yet completely official, as the zoning would have to be changed and it would have to be approved, they would recoup the cost of what the city paid for it if it went through. If the sale is finalized, the city would have to find a new site for a future elementary school as Trussville continues to grow and overcrowding in the schools gets worse. 'We have time, you know, it's gonna take years to build out all of these but the city's got to keep moving and find a location somewhere so we're actively pursuing it,' Choat said. Choat added that he hates to have to sell the property, but that it is 'the right thing to do.' 'It's just the best thing for the city right now,' he said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
09-04-2025
- Business
- Yahoo
Head of France's Medef business lobby worried about recession risk from U.S. tariffs
PARIS (Reuters) - The head of France's Medef business lobby group warned on Wednesday that U.S. tariffs, that are deepening a global trade war, could hit economic growth and lead to a recession. "Of course I am worried," Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on Fench businesses "The risk is that growth will stall and that we go into a recession," he added. President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations. Sign in to access your portfolio
Reuters
09-04-2025
- Business
- Reuters
Head of France's Medef business lobby worried about recession risk from U.S. tariffs
PARIS, April 9 (Reuters) - The head of France's Medef business lobby group warned on Wednesday that U.S. tariffs, that are deepening a global trade war, could hit economic growth and lead to a recession. "Of course I am worried," Patrick Martin told RTL radio when asked about the impact of U.S. tariffs on Fench businesses "The risk is that growth will stall and that we go into a recession," he added. President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations.
