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The Kendeda Fund is helping in the greening of Grady Hospital

Grady Hospital is going greener.

The Grady Health Foundation has received an $850,000 gift from the Kendeda Fund to create a Green Revolving Fund, a financing tool to invest in sustainability projects, such as energy efficiency, water conservation and renewable energy.

The Grady Health System will match the Kendeda grant, which will produce cost savings through investments in future sustainability projects.

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Column: Laureus Sport for Good Foundation turns it focus on Atlanta

By Maria Saporta
As published in the Atlanta Business Chronicle on July 8, 2016

The Laureus Sport for Good Foundation, already in dozens of cities around the country, now is turning its focus on Atlanta. As a way to better understand Atlanta, Laureus is partnering with nonprofit group Families First to help with community engagement efforts before deciding how best to invest its resources.

The reason for the Atlanta focus?

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Former Atlanta Mayor Shirley Franklin plays key role in Democratic platform

Former Atlanta Mayor Shirley Franklin took pride in how the Democratic National Convention’s Platform Committee was able to find a progressive compromise between the party’s two top candidates – former Secretary of State Hillary Clinton and U.S. Sen. Bernie Sanders.

Franklin served as the co-chair of the Platform Committee along with another former mayor – Connecticut Gov. Dannel Malloy.

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PATH Foundation campaign will connect region’s trails

By Maria Saporta
As published in the Atlanta Business Chronicle on July 8, 2016

For 25 years, the PATH Foundation has been building multi-use trails wherever it could around Atlanta — segment by segment.

Now PATH is in the midst of a $15.8 million campaign to help connect the various segments so that metro Atlanta will eventually have a regional network of trails.

The James M. Cox Foundation has contributed $6 million to the campaign, The Robert W. Woodruff Foundation awarded PATH $4 million, and The Coca-Cola Foundation has contributed $500,000.

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Plans for Underground Atlanta get even bigger

By Amy Wenk and Maria Saporta
As published in the Atlanta Business Chronicle on July 8, 2016

The developer planning to buy and remake Underground Atlanta has contracts to buy more than a dozen additional buildings in south downtown that have sat blighted for years.

Mount Pleasant, S.C.-based developer WRS Inc. has under contract about 14 buildings along Peachtree Street that sit south of Underground.

Those properties, such as the Metro Mall at 73 Peachtree St., include a collection of row-style buildings totaling about 240,000 square feet that once made up the heart of downtown Atlanta’s retail district.

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Column: How Atlanta won the headquarters of GE’s Digital Operations

By Maria Saporta
As published in the Atlanta Business Chronicle on July 1, 2016

Although Atlanta was not selected to be General Electric’s future corporate headquarters, the process did lead to GE increasing its investment in the city.

On June 27, the company announced that it will locate the North American headquarters of GE’s Digital Operations in Atlanta – initially bringing 250 jobs to the Midtown area.

It reaffirms the comments Chris Carr, Georgia’s commissioner of economic development, made last December after the state found out it had been cut as a candidate for GE’s corporate headquarters.

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Fulton County commissioners and mayors to review transportation projects

Fulton County, minus the City Atlanta, has put together a draft list of transportation projects for the next five years with the potential revenue ranging from $484 million to $655 million.

The Fulton County Commissioners are holding a special called meeting on Thursday morning with the mayors of the 13 Fulton County cities not including Atlanta. At that point, they will review a draft of the project list, which they helped put together.

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Plan B eyed for Doraville’s GM site

By Maria Saporta
As published in the Atlanta Business Chronicle on July 1, 2016

Developers of the Doraville Assembly project are putting together a financing alternative so the redevelopment of the 165-acre former General Motors plant can regain momentum.

“Plan B” would include a combination of government grants and loans as well as the creation of the Assembly Community Improvement District, which has already been approved by the City of Doraville.

Atlanta Business Chronicle reported April 15 that time is running out for the initial plan for the project due to a disagreement between the city of Doraville, DeKalb County officials and DeKalb School Superintendent Stephen Green, who has refused to allow the system to take part in the funding the project through a tax allocation district (TAD).

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Column: Community Foundation sets goal of $1.6 billion in assets by 2018

By Maria Saporta
As published in the Atlanta Business Chronicle on June 24, 2016

The Community Foundation for Greater Atlanta is on a mission. It intends to have $1.6 billion in assets by the end of 2018 — nearly doubling the $950 million it had at the end of 2015.

Alicia Philipp, the organization’s CEO, is convinced that goal can be reached. Already the Foundation receives about $100 million in new philanthropic funds every year from individuals, foundations and estates.

“That is absolutely awesome,” Philipp said. “But the potential is so much more from this community. We need to more actively and proactively promote philanthropy in Atlanta.”

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MARTA, WonderRoot and other partners unveil Pecou mural at King Memorial Station

Starting July 1, MARTA will set aside 1 percent of its annual capital budget – about $2.5 million a year – for a public art program.

As an example of how the increased investment in art will help transform the city’s landscape, MARTA and its partners unveilled its first installation on Wednesday evening at the King Memorial MARTA Station – a good excuse for a community party.

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Publix in talks for Civic Center store

By Amy Wenk and Maria Saporta
As published in the Atlanta Business Chronicle on June 24, 2016

Publix Super Markets Inc. is eyeing the Atlanta Civic Center as the site of a new intown grocery store.

Houston-based Weingarten Realty Investors is in advanced talks with Publix to anchor its planned $450 million redevelopment of the aging civic center, according to sources.

Weingarten has the 19-acre site at Piedmont Avenue and Ralph McGill Boulevard under contract for $30 million from the city of Atlanta. It plans to demolish the civic center’s existing buildings and build 250,000 square feet of office space, 222,900 square feet of retail, a grocery store, 250 condos, 386 apartments and townhomes.

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Column: Egbert Perry gets new blood on the board of Fannie Mae

By Maria Saporta
As published in the Atlanta Business Chronicle on June 17, 2016

Egbert Perry couldn’t be more proud of the three new people who have been elected to Fannie Mae’s board — describing them as part of the organization’s new leadership.

Perry, who is board chairman of Fannie Mae and also CEO of Atlanta-based commercial real estate developer Integral Group, described the three leaders as “seasoned executives.”

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