Posted inATL Business Chronicle

Sale could end family’s reign over Sea Island

By J. Scott Truby and Maria Saporta
Friday, January 29, 2010

The Jones family’s eight-decade sole control of the posh Sea Island resort could soon come to an end.

Sea Island Co. Chairman and CEO Bill Jones III confirmed Jan. 27 the company, founded in 1929 by his grandfather and cousin, would hire an investment banker to review its “strategic options,” which could include finding a buyer or major investor in the struggling ultra-luxury Georgia coastal resort.

Posted inATL Business Chronicle

Sea Island Co. to hire investment banker, could be prelude to possible sale

By J. Scott Truby and Maria Saporta Wednesday, January 27, 2010 Embattled Sea Island Co. said Wednesday it will hire an investment bank to review its “strategic options,” which could include new ownership for the exclusive Georgia coastal resort and community. At a private 30-minute meeting with 500 members of the posh resort, Sea Island […]

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My parents come back to life with co-location of Alliance Francaise and Goethe center

By Maria Saporta

How sweet it is. Comme c’est bon.

Earlier this evening, I attended the grand opening of the new home for the Alliance Francaise D’Atlanta and the Goethe Institute Atlanta at Colony Square.

It was a celebration on so many levels.

This is the first time in the United States (if not the world) that the French and German cultural organizations have come together under one roof — showing a spirit of cooperation between two countries that often have been at odds for several centuries.

One of the most uplifting moments of

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Dynamic duo Joe Lowery, Bill Shipp enter Georgia Trend’s Influential Hall of Fame

By Maria Saporta

Two of Georgia’s most notorious figures were inducted today to Georgia Trend’s Most Influential Georgians Hall of Fame — enlivening the lunch with their uniquely seasoned personalities.

What other way can one describe longtime political journalist Bill Shipp and Civil Rights leader and activist Rev. Joseph Lowery.

First Shipp was introduced by Georgia Trend Publisher Neely Young, who called Shipp a “franchise.”

After receiving a standing ovation, Shipp spoke from a wheelchair while sitting at one of the front tables in the the Ritz

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Hartsfield-Jackson manager Ben DeCosta says “It’s time to try something else.”

By Maria Saporta

It just was time for him to move on.

That’s how Benjamin DeCosta, general manager of Hartsfield-Jackson International Airport, explains why he would not be seeking to renew his contract when it runs out at the end of June. DeCosta sent a letter to the Atlanta City Council and Mayor Kasim Reed on Monday to let them know of his decision.

DeCosta has been general manager of the Atlanta airport since June, 1998. Before coming to Atlanta, DeCosta worked for the Port Authority of New York and New Jersey, and he served as general manager of the Newark

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Former Atlanta Mayor Shirley Franklin comments on crime stats and gun control laws

By Maria Saporta

Former Atlanta Mayor Shirley Franklin was pleased that news outlets reported the facts about how violent crime has decreased in the city.

But she felt that stories “missed the significant role of public engagement in learning and exercising safety tips” as ways to combat violent crime. She also said the lower violent crime stats were a result of “increased investment in professional training of Atlanta’s police officers from top to bottom.”

(Click here to read WXIA’s report on the new crime numbers).

Franklin mentioned several other

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Microsoft’s Ballmer tells Georgia companies what’s coming in technology

By Maria Saporta

At breakfast this morning at the Commerce Club, the Georgia Chamber of Commerce rolled out the red carpet for Steve Ballmer, CEO of Microsoft.

And Ballmer responded by saying Atlanta actually is the 10th largest high tech center in the country. He remembered coming to Atlanta five years ago to attend a breakfast sponsored by the Technology Association of Georgia, and he was impressed that it attracted 700 people that early in the morning.

Although Microsoft doesn’t have its headquarters here, Ballmer said Atlanta is an important base for the information

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Speaker Ralston reassures Metro Atlanta Chamber board

By Maria Saporta

Georgia House Speaker David Ralston was the special guest at today’s board meeting of the Metro Atlanta Chamber of Commerce.

And from the folks who attended the meeting, the word was that he impressed business leaders with his interest in moving beyond the dysfunctional (my word) politics of the last couple of years.

“He gave us a very nice overview of their agenda,” said Bill Linginfelter, this year’s Metro Atlanta Chamber chairman and Regions Bank’s area president for Georgia and South Carolina. “He seemed excited about the prospect for a transportation bill (coming out of this year’s legislative session).”

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Old Spaghetti Factory on Ponce set to close on Sunday

By Maria Saporta

Sometimes restaurants become friends of the family.

So when one of those restaurants goes out of business, it closes a chapter of memories.

That’s the way it is with the Old Spaghetti Factory on Ponce de Leon Avenue.

Yesterday, I got a call from my best friend, Francie, saying that the Spaghetti Factory was going to closing its doors at the end of the week.

It just so happens that her children’s grandparents — Joyce and Candler Lasseter — have been going to the Spaghetti Factory every week for years.

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During Atlanta visit, General Petraeus shows he’s clearly in command

By Maria Saporta

When General David Petraeus came to speak today at the Atlanta Press Club/Commerce Club luncheon, he came with star power.

About a dozen photographers and television stations were on hand to hear his every word on Afghanistan, Iraq, Iran, Pakistan — all among the 20 countries under his purview in the U.S. Central Command.

Petraeus impressed the 600 people attending the lunch at the Intercontinental Hotel in Buckhead with the depth of his knowledge and analysis of one of the most complicated regions

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Highlights from Huckabee, Perdue, Reed and a wise rabbi

By Maria Saporta

A whirlwind of activities surround the opening of the legislative session and the annual events of the Georgia Chamber of Commerce.

Since our esteemed media outlets will provide the straight-forward news, I thought I would share with you some of the highlights of these last couple of days (at least from my point of view).

First, former Arkansas Gov. Mike Huckabee (and a former Republican presidential candidate) gave a mostly non-partisan speech as the keynoter on Monday evening at the Georgia Chamber’s annual meeting.

Huckabee, a hold-over from the days of

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Sam Olens delivers his last state of the county talk to Cobb Chamber of Commerce

By Maria Saporta

It was the last “State of the County” address that Cobb Chairman Sam Olens would ever give to the Cobb Chamber of Commerce.

But folks attending the breakfast Monday morning would not have known that from just hearing Olens’ speech.

Olens played it straight — giving Cobb Chamber members a rundown of the county’s operations and progress in public safety, infrastructure, education, the county’s budget, its quality of life as well as acquisition of parks and green space.

The only indication that this would be his last “State of the County” breakfast was

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And just who will be sitting on stage at Eggs & Issues?

By Maria Saporta

Georgia’s unusual politics this year is forcing the Georgia Chamber of Commerce to be more flexible than in previous years.

Traditionally, the Georgia Chamber holds its annual meeting on the Monday that marks the convening of the General Assembly. The annual meeting is tonight at the Georgia World Congress Center.

But where it gets tricky is that early the next morning, the Georgia Chamber hosts the annual “Eggs & Issues” breakfast when the state’s business leaders get to hear from the state’s top elected officials.

So on Tuesday morning, the Georgia Chamber will have Gov. Sonny Perdue

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Mother Nature Network celebrates one year birthday

By Maria Saporta

It’s been exactly a year since the environmental website — Mother Nature Network www.mnn.com — was launched.

Founder Joel Babbit celebrated MNN’s one-year anniversary on Jan. 6 by talking to a group of Central Atlanta Progress meeting at the Il Mulino restaurant in the lobby of the 191 Tower — a building that has been integral to the website’s inception and operation.

What a year it’s been.

“We have about one million people coming to our site each month from 200 different countries,” Babbit said.

The major ratings firm for websites — Alexa — follows 6,200 websites in the environmental space. Of those, Mother

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DEVELOPER HAL BARRY WORKING TO SURVIVE REAL ESTATE LOWS

By Maria Saporta

After decades in the real estate business, Hal Barry took time Wednesday to reflect on his career and the state of the industry in a talk to the Atlanta chapter of the Urban Land Institute.

He has seen the ups and downs of Atlanta real estate economy, and what he has seen is that “the playing field has changed and it’s changed again and again.”

Barry has not been immune from the downturn in the economy, but he has seen other real estate recessions in Atlanta.

“I have no idea where 2010 is going to take us, but I feel it’s going to be better than 2009,” Barry said.

Up until 2007, there was a range of

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