The agreement announced by Georgia Power regarding a loan guarantee of $3.68 billion by the parent of the Plant Vogtle contractor may be hollow because of the parent’s weak financial position, according to a comment by Moody’s Investors Service.
Atlanta and Midtown Alliance are collaborating on an effort to make the northern stretch of Spring Street more inviting for pedestrians and bicyclists. The city issued a request for engineering proposals Monday and Midtown Alliance released it Tuesday.
The once white-hot construction market for multifamily residences in the Southeast is showing signs of cooling, according to builders cited in the Beige Book released Wednesday by the Federal Reserve’s Atlanta District. Lenders report they are increasing their oversight of loans for multifamily projects.
Note to readers: This is the second of two stories about affordability along the Atlanta BeltLine. Previously: Incentives proposed to preserve affordability of homes, shops …
Price hikes are stunning for homes sold with a half-mile of the Atlanta BeltLine – values rose as much as 58.9 percent in sales recorded between 2011 and 2015. These figures are behind the rising number of civic leaders and candidates for Atlanta City Hall who are talking about affordability, affordability, affordability.
Note to readers: This is the first of two stories about affordability along the Atlanta BeltLine. Coming Monday: Skyrocketing housing prices along BeltLine. // Rising land values along portions of the Atlanta BeltLine have resulted in steep price hikes for existing tenants of homes and businesses, forcing some to relocate. A new proposal aims to preserve the affordability of now-blighted areas as they are redeveloped.
Chris Leinberger’s theories on the durability of walkable communities are holding up in the current setback in apartment sales and rent growth that’s been observed by CoStar. In a nutshell: Folks will pay a premium to live where they can avoid traffic congestion.
Atlanta’s history of government-sanctioned segregated neighborhoods dates to 1922, when the city adopted a zoning law that created separate residential districts for black and white folks, according to a new book by noted researcher Richard Rothstein. The old Techwood Homes and landscape designer Frederick Law Olmstead, Jr. also have segregationist roots, according to Rothstein.
Atlanta is hosting a meeting Monday with proponents interested in devising a community blueprint for the neighborhoods south and west of Turner Field. The project is on the fast track: Proposals are due May 22.
It’s still early, but Atlanta BeltLine officials may have some serious explaining to do regarding the extent to which they have complied with a mandate that the BeltLine improve the quality of life for existing residents impacted by the development.
The Atlanta City Council is considering another significant measure regarding the city’s impact on the environment. This one aims to boost the sustainability rankings of city-owned properties to a minimum of LEED Silver certification.
Gov. Nathan Deal and a host of civic and business leaders are slated to break ground this morning on a $100 million expansion of the headquarters of Jackson Healthcare, a healthcare staffing company that intends to add 1,400 employees over the next five years.
Editor’s note: This story has been updated to reflect new language about Georgia Power’s posture on renewable energy. // The Atlanta City Council has resolved that all the electricity used in the city shall be generated through renewable resources by 2035. Advocates said the victory sets the stage for a push to bring the issue of clean energy for transportation into this year’s city elections.
The team redeveloping Turner Field announced Monday that it has proposed a long-term agreement to four groups designated to represent the surrounding neighborhood. The team also met, reportedly, with stauncher advocates who have called for greater community involvement from the development team – a demand that has gained some level of support from some Atlanta City Council members.
Lawyers have been the butt of jokes since Shakespeare suggested killing them all. One modern-day jab at young lawyers is an affront to ego – their office might not have a window because they now sit where secretaries once worked.
Editor’s note: This story has been updated to clarify that Georgia State University has been meeting with elected neighborhood representatives of the Turner Field area. //
Tension is rising, again, over the redevelopment of Turner Field. At least two members of the Atlanta City Council are calling on Georgia State University to meet with area residents. GSU affirmed Thursday that it has been meeting with elected neighborhood leadership and offered to meet with other groups – but the later rejected terms of the meeting.
Decatur’s City Commission agreed Monday to buy the United Methodist Children’s Home, located in the city. The $40 transaction adds 77 acres of greenspace to Decatur and provides the children’s home funds to refocus and expand the territory it serves.
A report released Monday by Georgia State University shows dramatic changes in metro Atlanta’s demographics since 1970. The population is more diverse, older, better educated, and living closer together. The proportion of middle income households has declined slightly since the Great Recession.
Atlanta has closed the deal to sell Underground Atlanta to a developer who plans to construct a mixed-use project. The sale will put the property back on the tax roll, end the city’s annual expense of about $8 million, and may quiet some restless members of the Atlanta City Council.
The bankruptcy papers Westinghouse filed today in regards to Plant Vogtle names the nuclear plant in Georgia as one of two reasons the company faces a dire financial situation. The other reason is a nuclear power plant in South Carolina.