Entries by Maria Saporta

Modular homes can help solve Atlanta’s housing affordability crisis

Longtime Atlanta business leader – Cecil Phillips – has a solution to the city’s affordable housing crisis. Modular housing.Make no mistake. This is not your grandfather’s mobile home. The modular homes being proposed and developed by Phillips match the quality and amenities of new home construction – except they can be built much more quickly and cost significantly less money.

APS: city of Atlanta late in making $10 million payment on TAD agreement

The city of Atlanta is more than three months late in making a $10 million payment to the Atlanta Public Schools as part of the comprehensive agreement both governments reached Jan. 7 on the city’s tax allocation districts.The agreement was considered pivotal in the financing plan for CIM’s redevelopment of the railroad gulch in the heart of downtown.

Genuine Parts honors the late Wilton Looney and Larry Prince with a garden

Had he lived 11 more months, Wilton Looney would have celebrated his 100thbirthday on April 18.Looney became president of Genuine Parts in 1955 before becoming its CEO six years later – remaining in that role until his retirement in 1990.He was succeeded by Larry Prince, who served as CEO of the Fortune 500 company’ until 2005.Tragically, Prince died of cancer on March 5, 2019 at the relatively young age of 80.

Georgia Bio CEO: Investment in life sciences has produced 14.9 percent growth in jobs

Georgia’s life science industry has experienced a 14.9 percent growth in employment during the past decade, according to the results of the 2019 Georgia Life Sciences State of the Industry Report released Wednesday morning.That was nearly double the growth of life sciences employment nationally – 7.7 percent – over the same decade (2007 to 2017).

SunTrust CFO Allison Dukes to leave bank after BB&T merger

One of the key executives at SunTrust Bank – Allison Dukes – has chosen to not join the new bank formed by the merger of SunTrust and BB&T.Dukes is the chief financial officer of SunTrust and she already had been identified as one of the SunTrust executives who would be part of the executive management team of the merged bank, which will be based in Charlotte, N.C.

Atlanta – be proactive, not reactive – in building airport relationships

The city of Atlanta dodged a bullet when the 2019 state legislature failed to pass a bill to either takeover Hartsfield-Jackson International Airport or to create a legislative oversight committee to oversee the airport’s operations.Even Gov. Brian Kemp, in comments before the Rotary Club of Atlanta on April 8, seemed to breathe a sigh of relief when asked about the airport issue..

Opening up Peachtree Street to people rather than cars

Atlanta Streets Alive is helping change how we view our city’s streets.More than 120,000 Atlantans turned out on Sunday for the Atlanta Streets Alive along Peachtree Street from south downtown to 16thStreet.It was the perfect opportunity to test out a proposal by the City of Atlanta to reimagine three key blocks of Peachtree Street – from Margaret Mitchell Square to Baker Street.

Kemp glad nothing happened on state takeover of Atlanta airport

Georgia Gov. Brian Kemp told the Rotary Club of Atlanta Monday that sometimes you can be thankful that legislation never made it out of the Georgia legislature.In this case, he was referring to bills that would have either involved a state takeover of Atlanta’s Hartsfield-Jackson International Airport or would have created a legislative oversight committee to review the airport’s operations.

Delta CEO Ed Bastian: Don’t politicize the operations of the Atlanta airport

Delta Air Lines CEO Ed Bastian on Monday  shied away from commenting specifically about an effort in the Georgia House  to create an oversight committee rather than a full takeover of Hartsfield-Jackson International Airport.Bastian, who spoke before the Rotary Club of Atlanta Monday, gave a brief interview with the Atlanta Business Chronicle after his talk.

City and APS launching a pilot program to turn school lands into public parks

It’s such a simple notion.Atlanta can greatly add to public green space and parks by partnering with the Atlanta Public Schools to open up school property to the public.The idea is getting traction in Atlanta. The city of Atlanta, the Trust for Public Land, the Urban Land Institute-Atlanta and the Atlanta Public Schools are about to launch a pilot program that would welcome the public to use school grounds after hours and on weekends.

Leadership in Atlanta continues to change and evolve

In the 1960s, a small group of about a dozen white businessmen held a tight grip on power in Atlanta.

That group included Robert Woodruff of the Coca-Cola Co., the top Atlanta bankers of the day – Mills B. Lane of Citizens & Southern; Billy Sterne from Trust Company Bank; James D. Robinson Jr. of First National Bank; Jack Tarver of the Atlanta Journal and the Atlanta Constitution; Atlanta Mayor Ivan Allen Jr. (who ran the office supply business started by his father); Larry Gellerstedt Jr. of Beers Construction; the top executives of Southern Bell, Georgia Power, Atlanta Gas Light among others.

SunTrust gives $5M for Atlanta’s Westside revitalization effort

The SunTrust Foundation presented the Westside Future Fund a $5 million grant Monday morning to support more affordable housing and provide entrepreneurial and small business opportunities for community residents.SunTrust CEO Bill Rogers said the grant, the single largest gift in the foundation’s history, had been in works before the bank announced its merger with BB&T.

State’s proposed take over of Atlanta’s Hartsfield-Jackson airport misguided

A proposal in the state legislature to take over Atlanta’s Hartsfield-Jackson International Airport would be hilarious if it weren’t so darn scary.Republican legislators, who usually argue for more local control and government closest to the people, are attempting a heavy-handed takeover of Georgia’s economic jewel – Atlanta’s airport.