Posted inEleanor Ringel Cater

No matter how many statistics, ‘Moneyball’ doesn’t add up

By Eleanor Ringel Cater

I think I know what’s wrong with “Moneyball.”

Unlike what happens on screen — Oakland A’s General Manager Billy Beane computerizes his way to a winning team — the stats don’t add up.

For those who don’t live and die by the boys of summer, here’s a better explanation of what Beane (well-played by Brad Pitt) did. He hired a computer whiz (Jonah Hill) to apply “Sabermetrics” to building a team.

Translation: nothing about a player mattered to Beane except for how he came across statistically. As in, his ability to get on base.

Posted inLatest News

Cynthia Day, COO of Citizens Trust Bank, joins the board of Aaron’s Inc. as only woman

By Maria Saporta

Aaron’s Inc. has elected a woman to its all-male board — fulfilling a commitment that founder Charlie Loudermilk had made 18 months ago.

The lease-to-own retailer has elected Cynthia Day, the senior executive vice president and chief operating officer of Atlanta-based Citizens Trust Bank.

“We are extremely pleased to welcome Cynthia as a member of our board of directors,” said Robin Loudermilk, CEO and president of Aaron’s, in a statement.

“Cynthia has achieved remarkable success as the first woman to hold a COO position with Citizens Trust,” Loudermilk continued. “Her 20-year career in banking and finance is a

Posted inDavid Pendered

GRTA vs. MARTA, etc.: Transit funding confounds board

By David Pendered

The question of how to pay for transit remains a central stumbling block facing metro Atlanta leaders as they assemble a transportation package they can put on a ballot next year.

As the issue now is framed, the question is whether to pay up to $80 million into GRTA bus service by shifting money from the amount earmarked to help pay for other transit programs: MARTA; Atlanta’s BeltLine; and two future transit routes – one to Cumberland Mall and one toward Emory University.

Atlanta Mayor Kasim Reed urged the Atlanta Region Transportation Roundtable to delay any decision. He called on members to deliberate the prospect of getting the state to pay into GRTA.

Posted inLatest News

BronzLens Film Festival reinforces value of tax credits for film and video industry

By Maria Saporta

The City Hall press conference for the BronzLens Film Festival Wednesday provided an opportunity to voice support for tax credits and incentives for the film and video industry in Georgia.

Atlanta Mayor Kasim Reed thanked Gov. Nathan Deal, Lt. Gov. Casey Cagle and House Speaker David Ralston for keeping those tax credits in place.

As a result, the mayor said that in the past year, more than 250 films and video projects took place in Georgia contributing $1.5 billion to the state’s economy, employing 25,000 Georgians.

Posted inDavid Pendered

Proposals: Trim money from BeltLine, Ga. 400/I-285, Emory transit to fund GRTA, etc.

By David Pendered

Proposals to reduce funding for the Atlanta BeltLine, the Ga. 400/I-285 area, and transit lines to Emory University and Cumberland Mall are up for discussion at Thursday’s meeting of the Atlanta Region Transportation Roundtable.

These reductions are among more than $730 million in amendments proposed to the $6.14 billion draft project list the roundtable adopted last month. Almost $12 out of every $100 dollars in the draft list would be redirected, if the amendments are adopted into the referendum for the 1 percent transportation sales tax.

The proposed commuter rail line from Atlanta toward Macon also is back in play. Clayton County proposes to keep it alive with $20 million that would be trimmed from plans to develop Tara Boulevard into a major roadway.

Posted inATL Business Chronicle

Column: After pension reform, Mayor Kasim Reed turns to city’s health care costs

By Maria Saporta
Friday, Sept. 30, 2011

Atlanta Mayor Kasim Reed has a long-term plan to shore up the city’s finances.

The first step was pension reform — a plan that passed in July after the mayor made it priority as soon as he took office in January 2010.
Now the mayor wants to take on the city’s rising health-care costs.

“It’s the next step in stabilizing the city’s finances,” Reed said. “We are going to be asking for help again in a similar model that we used in the past.”

The formula Reed used with pensions was to put together a blue-ribbon

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Delta’s Richard Anderson makes plea for United Way and for U.S. businesses

By Maria Saporta

Delta Air Lines CEO Richard Anderson gave the annual United Way campaign speech to the Rotary Club of Atlanta Monday, but he also shared his insights on the airline industry and the U.S. economy.

Anderson is the 2011 campaign chair for Atlanta’s United Way — hoping that the community will raise a total of $80.4 million for the region’s social and human services.

The relationship between United Way and Rotary dates back to 1913, according to Milton Little, president of Atlanta’s United Way. United Way, then called Associated Charities, been founded in 1905 to help Atlantans survive a devastating ice storm. But my 1913, the organization had been had fallen on hard times.

Posted inDavid Pendered

Emory, CDC, Cousins/Gables development would benefit from planned transit line

By David Pendered

Emory University and its environs would benefit from the single largest transit investment that’s planned in the proposed 1 percent sales tax for transportation.

The route called the “Clifton Road Corridor” is earmarked to receive $700 million in sales tax funding. The new line would stretch 4.3 miles from MARTA’s Lindbergh Station to a proposed station at the junction of two CSX rail lines, near the corner of North Decatur and Clairmont roads.

The route would serve Emory, the Centers for Disease Control and Prevention, and a $250 million mixed use development started last summer by Cousins Properties and Gables Residential.

Posted inEleanor Ringel Cater

Move over ‘Moneyball’ and Brad Pitt — ‘lovable animials’ beat you at the box office

By Eleanor Ringel Cater

Am I the only one who’s noticed, but is “Moneyball” turning into a kind of “Moneybomb?”

Bomb isn’t really the word. The film — based on the true story of Billy Beane who resurrected the Oakland A’s by using computer-generated stats — has gotten good reviews. Especially for Brad Pitt who plays Beane.

And the movie has made decent money. Last weekend, it pulled in $12.5 million at the box office. But it’s still No. 2.

Opening weekend, it came in behind a kids’ movie featuring a lovable animal. This weekend, it came in behind a kids’ movie featuring a lovable animal.

Posted inLatest News

After 17 years as lauded CEO, AHA’s Renee Glover is leaving because of pressure from city

By Maria Saporta

Renee Lewis Glover, the nationally-acclaimed CEO of the Atlanta Housing Authority, is negotiating her departure from the organization after 17 years at its helm.

A statement from AHA stated that “the new board members appointed by Mayor Kasim Reed have made it clear that they would like to have change in leadership at the AHA, which is fully within the prerogative of the mayor and the board.”

Glover and members of the board have been working “cooperatively” to come up with a “mutually acceptable terms of separation and an orderly transition,” the statement continued.

Ever since Reed was elected mayor, there has been an estrangement with AHA. The mayor never found time in his schedule to meet one-on-one with Glover. Also, he began appointing board members who regularly challenged Glover’s leadership and her policies in running the organization.

Posted inMaria's Metro

Atlanta BeltLine tour reveals the opportunities for transit in our city and our region

For years, officials with the Atlanta BeltLine have conducted tours of the 22-mile circular corridor to give the general public insight on how the project would reshape the city.

The vision is multi-dimensional: parks; transit; residential, retail and office development; multipurpose trails; an arts and cultural ring and an arboretum.

On Friday, Sept. 30, a different kind of tour took place. Brian Leary, president and CEO of Atlanta BeltLine Inc., took a tour of “VIPs” to show how the project would connect the central part of the city with the rest of the region.

Today, the Atlanta BeltLine is at a critical juncture. By October 15, the Atlanta

Posted inDavid Pendered

Future of transit governance remains a great unknown

By David Pendered

Metro Atlanta does not have a clear picture of what sort of entity may be created to govern more than $3 billion in proposed transit investments that will be on the ballot in next year’s vote on a 1 percent transportation sales tax.

Cobb County Chairman Tim Lee cited the lack of clarity in governance as a reason Cobb wants to shift some funding from a proposed rail line, which would link MARTA’s Arts Center Station in Midtown with the Cumberland Mall area, to improving Windy Hill Road and establishing bus service from north Cobb to Midtown.

If any clarity is to come, it isn’t likely to arrive before the waning days of the 2012 state legislative session. State lawmakers could well take the entire session, possibly into April, to haggle over and adopt whatever recommendation comes from Gov. Nathan Deal’s Transit Governance Task Force.

Posted inGuest Column

Transportation Investment Act — are we spending money on yesterday’s problems?

By Guest Columnist MIKE DOBBINS, professor of planning at Georgia Tech’s College of Architecture and a former commissioner of planning and community development for the City of Atlanta.

Citizens in the metro area face a vote next year to tax themselves a penny on every dollar spent to build transportation projects aimed at improving the ability for citizens to get where they need to go more effectively than is now the case.

To make progress toward that goal, the state Transportation Investment Act calls for the vote to be tied to a list of projects developed by a “Roundtable” of regional

Posted inMichelle Hiskey

Yard sales serve as peepholes into people’s lives and hearts

By Michelle Hiskey

On fall Saturdays in the South, yard sales start early and end before afternoon football games. That makes Saturdays full of compelling narratives.

What’s inside the rest of the week – the clutter, the loyalty, the vision of something better — gets a stage for full public view. Saturday is the South’s big peephole.

Tom Zarrilli spent six years of Saturdays photographing and blogging yard sales around Atlanta (and some Friday afternoons for estate sales). As part of a citywide photographic exhibit, 19 of his color photographs are on display through Nov. 11 at the Callanwolde Arts Center.

“Faces of the Yards of Clutter” captures

Posted inDavid Pendered

Free tour of solar equipped homes, businesses Saturday

By David Pendered

More than 40 homes and businesses across metro Atlanta will open their doors Saturday to display their solar energy devices.

The self-guided tour will provide a rare, up-close glimpse of the technology that is expected to contribute to the nation’s response to providing energy through renewable resources.

The Georgia Solar Energy Association sponsored a preview tour Friday, giving about 25 persons a sneak peak at the technology that ranges from rooftop devices at a downtown residential condo building to the solar powered vehicle chargers at Atlantic Station.

Posted inDavid Pendered

New proposals to region’s transportation project list reflect local politics

This story has been updated

By David Pendered

The role of local politics in regional transportation planning emerged Wednesday at the Atlanta Regional Roundtable, which is devising a project list that would be paid for with a proposed 1 percent sales tax.

Three major amendments were formally introduced, and each involves transit. A fourth amendment involving Atlanta’s BeltLine would complete an East-West connection through the city, along North Avenue, linking two proposed segments of the BeltLine with a streetcar.

Here are the highlights of proposals involving Atlanta, Clayton, Cobb and DeKalb counties. The roundtable is to consider them at its meeting Oct. 6:

Posted inLatest News

Indianapolis replicating East Lake with help from Warren Buffett and Tom Cousins

By Maria Saporta

Indianapolis, Ind. — Atlanta developer Tom Cousins witnessed first-hand the early phases of the “miracle” that he pulled off in the transformation of East Lake community at the Avondale Meadows community in the northeast section of Indianapolis.

In an effort to spread the success to cities across the country, Cousins founded Purpose Built Communities; and he was able to get philanthropic support from two business superstars — billionaire Warren Buffett and former hedge fund leader Julian Robertson.

On Wednesday, the three investors in Purpose Built Communities were able to cut the ribbon on Avondale Meadow’s community center at the East Village — a mixed income development that is replacing a neighborhood that had five public housing projects and had become a haven for crime and poverty.

Posted inATL Business Chronicle

Column: Mark Abner returning to Georgia to lead Nature Conservancy

By Maria Saporta
Friday, Sept. 23, 2011

The Nature Conservancy’s Georgia chapter has a new executive director — Mark Abner, who is coming back home.

Abner, who most recently was director of philanthropy for the Nature Conservancy’s mid-Atlantic States operations in the Washington, D.C., area, was born in Jesup, Ga., where his family had lived for 200 years.

“I’ve lived in a lot of places that were not home,” said Abner, who left Georgia in 1988 after receiving his bachelor’s degree from Emory University. He received his master’s degree in environmental studies from Evergreen State College in Olympia, Wash. He moved to Minneapolis-St. Paul, where he worked for the University of Minnesota Foundation and the Trust For Public Land.

Posted inLatest News

Georgia Bio’s Life Sciences Summit highlights importance of state’s bio science industry

By Maria Saporta

While most other industries in Georgia have been contracting, one industry is booming — the bioscience industry.

At Georgia Bio’s Life Sciences Summit at AmericasMart on Tuesday, the results of a new economic impact study by University of Georgia economist Jeff Humphries were released.

The study showed that the life sciences industry has a $19.5 billion impact annual in Georgia — leading to 18,000 direct jobs and 75,000 direct and indirect. Those jobs pay $4.4 billion in salaries and generate $500 million in state and local taxes.

Posted inDavid Pendered

Atlanta’s Gulch: State, private partners poised to sign contract for redevelopment

By David Pendered

The final round of planning for Atlanta’s downtown Gulch is to begin in earnest before the end of the year.

The state is moving forward with its effort to redevelop the Gulch, even though a presumed anchor tenant – commuter rail between Atlanta and Macon – is not now earmarked in the draft list of projects for the proposed 1 cent transportation sales tax voters will consider next year. The Atlanta Regional Roundtable is to approve a final list by Oct. 15.

The state’s idea for the Gulch is to have the private sector lead the redevelopment of 119 acres that have defied renewal efforts for decades. A contract with a development team is to be signed as early as the end of this week, said David Spear, a spokesman of the state Department of Transportation.

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