State of the City Address: Phenix City reserve fund highest in history

State of the City Address: Phenix City reserve fund highest in history
(Source: Phenix City State of City Address 2018)
(Source: Phenix City State of City Address 2018)

PHENIX CITY, AL - "Our reserve fund is at $14 million dollars which is the strongest it's ever been in the city," says Phenix City Mayor, Eddie Lowe.

Mayor Lowe kicked off the 2018 State of the City Address on a financial note. Lowe explained the city's general reserve fund is the highest it's ever been at $14,426,817.

"As for the growth and what we are doing, jobs have been created last year as well as the years since 2013," says Lowe.

During the address, Lowe stressed the importance of completed and upcoming projects in the city, including the resurfacing of Crawford Road, a $2.5 million dollar project now completed.

"We are getting to a point where we can show people the opportunities in Phenix City," says Lowe.

One of those opportunities comes in the form of businesses  Lowe says. The planned Village at Crosswinds retail development off of Highway 431 already promises for anchor store Renfroe's Market.  Lowe says along with bringing in business, the city is also bringing in residents. In 2017, a $32 million dollar apartment complex off of US Highway 80, Rock Island Ridges, saw completion.

New resident Adam Grundhoefer says he's impressed with the growing opportunities.

"I've thoroughly enjoyed everything about it so far," says Grundhoefer

Lowe says another change to keep an eye out for are community enhancements. Over the next few years, the Mayor says a Miracle League Field will be coming to Lakewood Park.

"Hopefully people will see we are transparent because we work for the community," commented Lowe.

Copyright 2018 WTVM. All rights reserved. | For more news, download the WTVM app here.