Posted inATL Business Chronicle

Sales of Underground, Civic Center face delays

By Doug Sams and Maria Saporta
As published in the Atlanta Business Chronicle on May 20, 2016

Nearly a year after the city of Atlanta announced an agreement to redevelop Underground Atlanta and almost eight months after plans emerged to transform the Atlanta Civic Center, neither deal has closed — and cranes for the intown projects are nowhere in sight.

The delays come as the country enters a period of uncertainty surrounding the presidential election, and the real estate cycle — which has flooded Atlanta with new investment and dotted its central skyline and intown neighborhoods with apartment buildings — may be peaking.

Recently, the outlook for the nearly $300 million Boisfeuillet Jones Atlanta Civic Center redevelopment took an unexpected turn when Atlanta Mayor Kasim Reed told a reporter “the deal is a little shaky. It’s taken longer than I had hoped it would.”

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Hartsfield-Jackson airport loses another general manager as Miguel Southwell exits

A marquis member of Atlanta Mayor Kasim Reed’s administration is out of a job.

The City of Atlanta issued a release late Friday stating that “Miguel Southwell’s service as Aviation General Manager at Hartsfield-Jackson Atlanta International Airport has ended.”

The statement did not explain why Southwell was leaving the post.

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Chick-fil-A names Tim Tassopoulos as its president and COO

The new president and chief operating officer of privately-owned Chick-fil-A ­– Tim Tassopoulos – is part of the chain’s family that one can be without being related by blood.

He was only 17 in 1977 when he first started working as an hourly employee for a Chick-fil-A store at North DeKalb Mall. He had applied there as a back-up when applying for a job at Rich’s and decided to have lunch at his favorite restaurant.

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Home Depot welcomes Arthur Blank at its 2016 annual meeting

A special guest attended Home Depot’s annual meeting Thursday morning – co-founder Arthur Blank
It was only the second annual meeting that Blank had attended since he left the company in 2002. The last time was in 2008 – the first year that Frank Blake was CEO of the home-improvement company.
“They are doing a fabulous job,” Blank said adding that “fabulous” was an inadequate word to describe how well the company was doing.

Posted inLatest News, Main Slider, Maria Saporta

Veritiv holds second annual meeting – attracting one shareholder

Sandy Springs-based Veritiv – which will soon be officially designated as a Fortune 500 company – held its second annual meeting Thursday at the Westin Atlanta Perimeter Norh – close to its new corporate offices.

For the second year in a row, the meeting attracted only one Veritiv shareholder. This year it was Suzanne Mulcay from Marietta.

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Operation HOPE welcomed to Atlanta with hopes of greater equity

As Atlanta’s top business and civic leaders officially welcomed Operation HOPE moving its global headquarters in the city, the conversation quickly turned to equity.

The welcome luncheon was held Monday at the Federal Reserve of Atlanta, a rather elegant setting to talk about poverty along with financial inclusion and literacy. Operation Hope also announced Atlanta Uplift 2020 – to help make it a model city of lifting people out of poverty.

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Ron Kirk: Dallas and Atlanta ‘are building the new American cities’

Former Dallas Mayor Ron Kirk, who was mayor when the LINK delegation last came to this Texas city in 1999, said the Atlanta region and the Dallas-Fort Worth have much in common.

“We are two regions that have a lot of high class problems,” said Kirk, referring to the two fast-growing Sun Belt cities that are trying to have their infrastructure keep up with their growth.

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Metro Atlanta LINK delegation arrives in Dallas-Fort Worth

On the 20th anniversary of the regional LINK trips to different North American cities, the 2016 delegation arrived ahead of schedule Wednesday – giving the group an opportunity to tour Sundance Square in downtown Forth Worth.

“Look how clean it is,” remarked Emory Morsberger, head of the Stone Mountain Community Improvement District. “I don’t even see any cigarette butts on the ground.”

Posted inLatest News

Refugee crisis deepens as doctors, hospitals and children attacked

Global health leaders convened in Atlanta to help raise an alarm of the dangers of the ongoing refugee crisis.

The issue has become especially acute because now doctors, health professionals and hospitals are becoming targets – as evidenced by the airstrike on a hospital in Aleppo – killing 14 people, including the most qualified pediatrician in Syria’s largest city.

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An emotional Mayor Kasim Reed signs lease to keep Delta here for 20 years

Atlanta Mayor Kasim Reed was overcome with emotion during the public signing of the city’s 20-year lease agreement with Delta Air Lines – a lease that also includes a 10-year optional extension.

The mayor’s voice quivered as he fought back tears talking about one of his closest confidants and friends in Atlanta’s business community – Delta CEO Richard Anderson.

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Coca-Cola welcomes shareholders into its Atlanta home

For the first year ever, the Coca-Cola Co. invited its shareowners to its own turf for its 2016 annual meeting – the World of Coca-Cola at Pemberton Place across from Centennial Olympic Park.

The new location had a strange impact on shareowners. Even the company’s harshest critics seemed subdued in the environment. It didn’t hurt that the company was opening up the attraction for a special first-ever Coca-Cola Shareowner Day so the owners of the company could get their fill of the house that soda built.

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