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Top News Links: Tuesday, Oct. 7

Redmont to reopen in Birmingham

Construction is under way on the multimillion-dollar renovation of the historic Redmont Hotel in downtown Birmingham. When the hotel reopens at the corner of Five Ave. N. and 21st Street N. this spring, its new managers anticipate it being a destination for out-of-towners and locals alike. – Birmingham Business Journal

VA director in Montgomery fired

The Department of Veterans Affairs took steps Monday to terminate the director of the Central Alabama VA Healthcare System following months of problems. The VA's deputy secretary, Sloan Gibson, said he proposed the removal of James Talton following after the VA's Office of Accountability Review substantiated allegations of neglect of duty. – AP/SF Gate

Dynetics to support new radar project

Dynetics announced that it will support the hardware development on the U.S. Air Force’s Three Dimensional Expeditionary Long-Range Radar (3DELRR) program. The Air Force has awarded Raytheon the contract for the 3DELRR program, which will replace the aging AN/TPS-75 system as the “grab and go” radar used in the field, helping warfighters by detecting, identifying and tracking fixed- and rotary-wing aircraft, missiles and unmanned aircraft. – News release

Ivan’s hard lessons not heeded

Ten years after Hurricane Ivan, coastal counties have adopted stronger building codes, but the rest of Alabama still has a patchwork of code standards. Adopting and enforcing a modern, uniform residential building code throughout the state would increase residents’ personal safety, reduce property damage, and decrease the cost of post-disaster government aid for repairing and rebuilding following natural disasters. – Insurance Journal

Ivey promises more jobs at Austal

As Alabama lags behind the nation with its unemployment rate, Lt. Gov. Kay Ivey on Monday promised that more jobs were on the way. "We have to keep on doing what we're doing because we are sure going in the right direction," Ivey said. Ivey made the remarks during a tour of the Austal USA shipyard. – AL.com

High court leaves state tax system alone

The U.S. Supreme Court on Monday declined to take up a lawsuit that said the state's caps on property taxes were racially discriminatory and denied low-income students a proper education. The case, Lynch v. Alabama, was brought by families in Lawrence and Sumter counties in 2008. – Montgomery Advertiser

Royal Cup welcomes new CFO

Brad Gray has been tapped as the new chief financial officer of Birmingham coffee and tea company Royal Cup Inc. Gray, who is the second CFO in the history of the family-owned company, joined Royal Cup in early August and participated in a training program in which he worked in a variety of company roles. – Biz Journals

Wise Metals has new Dutch owner

Entrepeneur David D'Addario has sold Muscle Shoals-based Wise Metals, the world's third largest producer of aluminum can stock for the beverage industry, to a Dutch aluminum firm for $455 million in cash. The deal will include the assumption of $945 million of Wise's debt, the companies said in a statement. Constellium plans to spend an additional $750 million by 2022 to boost Wise's hot mill capacity from 1 billion pounds to 1.5 billion pounds. The hot rolling mill compresses slabs of aluminum. – Hearst Media

Berkadia negotiates sale in Hoover 

Berkadia, an investment banking and research company, recently negotiated the sale of The Willows, a 169-unit apartment community located in Hoover, for $7,200,000 or $42,603 per unit. David Oakley, partner, and Josh Jacobs, associate, based in Berkadia’s Alabama office represented the seller, Willow United LLC.  – News release

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