October 2023 Group Watch: Alabama Lawmakers Approve Construction Agreement for New Statehouse
A panel of Alabama legislators voted to proceed with a plan to construct a new statehouse. The legislature passed a bill earlier this year authorizing work on a new building for lawmakers to replace the current building, which faces mold and leaks and deferred maintenance costs of $100 million. If constructed, the statehouse would be the first built in the nation since Florida finished work on its Capital Complex in 1977. According to the head of the Legislative Services Agency, a construction agreement with the Retirement Systems of Alabama (RSA) would call for the payment of RSA’s out-of-pocket costs plus an 8 percent administration fee. The legislature will have the option to purchase building at the end of a 25-year lease or at any point during the lease.
