By Associated Press
Montgomery, AL – A state commission has taken action that could clear the way for the state to sell the nearly 150-year-old Bryce Hospital in Tuscaloosa to the University of Alabama.
The Amendment 666 Bond Commission voted Tuesday to authorize the state Finance Department to sell up to $139 million in state bonds for economic development.
The commission is headed by Gov. Bob Riley and includes acting Finance Director Bill Newton, Revenue Commissioner Tim Russell, Sen. Roger Bedford of Russellville and state Rep. John Knight of Montgomery.
Commission members did not say what projects might be funded with the money. But Riley said later part of the funds could be used to help fund the building of a new mental hospital if the Bryce property is sold.