By Maria Saporta
As published in the Atlanta Business Chronicle on October 2, 2015.
The sale of Underground Atlanta has been delayed until Jan. 15 as the city of Atlanta works through what Mayor Kasim Reed described as a “solvable problem.” The city of Atlanta’s sale of Underground Atlanta to WRS Inc., a real estate company based in Mount Pleasant, S.C., for $25.75 million included a parking facility that is owned by the state of Georgia.
As part of the Underground deal, the city and the state were supposed to have swapped property so that the parking facility could be included in the sale.
