Doster Construction breaks ground on $150 million Sports Illustrated Resorts in Tuscaloosa

Corporate Action
โดย GlobeNewswire·Read original
Summary · why it matters

Doster Construction has broken ground on the new Sports Illustrated Resorts destination in Tuscaloosa, Alabama. The company will serve as general contractor for the approximately $150 million development, which is expected to create around 1,100 construction jobs and 100 permanent jobs upon completion. Located along Rice Mine Road near the Black Warrior River, the project will feature two six-story towers with 75 whole-ownership condominiums and 86 vacation ownership units, plus retail space, bars, a game lounge, coffee bar, and rooftop event space. Construction begins this month, with the resort anticipated to open in 2028. The development is led by Travel + Leisure Co. for Sports Illustrated Resorts, which operates under a license from Authentic Brands Group.

Impact on stocks 1

Consumer Discretionary▲ · 1 stocks
Travel + Leisure Co
TNL
▲ PositiveDemandrelevance

Travel + Leisure Co. is leading the development of a $150 million resort, indicating strong demand for its vacation ownership and resort management services.

Off-coverage companies 2

Doster Construction Company, Inc.Private▲ Positive
Demandrelevance

Doster Construction is the general contractor for a $150 million project, securing a large construction contract.

Authentic Brands GroupPrivate▲ Positive
Demandrelevance

Authentic Brands Group licenses the Sports Illustrated brand for the resort, generating licensing revenue.

© 2026 MarketDXNews