The Phenixian has been on hold waiting for the city to gain control of the Triangle, said J.W. Brannen, the chairman of the Downtown Redevelopment Authority.
"We expect it to happen," Brannen
said of The Phenixian.
"They have over $1.2 million invested.
The city had not been able to get its hands on the Triangle, and that was part of the deal with Gilley."
The first step to give the property to Troy was taken Wednesday when Phenix City Council
voted 4-0 to declare the newly acquired land surplus.
Before the property can go to Troy, it must first be transferred to Downtown Redevelopment Authority
That could happen in the next few days, Brannen
The Redevelopment Authority voted last week to give Brannen
the authority to transfer the land to Troy once the city releases it.