As Tyler Perry prepares to purchase most of Fort McPherson, the Atlanta Regional Commission on Wednesday provided a $60,000 grant to update a 2004 master plan for the surrounding area.
Tag: Development
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Atlanta Streetcar could expose city to liability for damage to underground utilities
The Atlanta Streetcar could make the city liable for tens of millions of dollars for repairs stemming from stray electricity used to power the system, city officials said Tuesday.
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Atlanta quiet on contract to oversee $1 billion in planned construction
A major contract to manage more than $1 billion in planned construction at Atlanta’s airport is on schedule, though an airport official won’t discuss even the schedule.
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New GDOT board member serving north metro Atlanta supports transit
Former House Speaker Mark Burkhalter took the oath of office Thursday to represent the 6th congressional district on the board that oversees the Georgia Department of Transportation.
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Atlanta’s new housing strategy renews focus on homes affordable to low- and mid-income workers
Atlanta has created a five-year housing strategy that aims to spur $100 million in new residential investments and raise the city’s population by 42,000 residents.
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Legislature: Transit funding to be protected despite issues with Georgia Constitution
The author of the proposed $1 billion statewide transportation legislation said Thursday he is committed to ensure that the bill will fund transit, despite issues with the Georgia Constitution.
“In the bill, we talk about dedicating money toward transit,” said House Transportation Committee Chairman Jay Roberts (R-Ocilla). “We realize that you can’t dedicate [funding to transit] without a constitutional amendment…. Unfortunately, within the bill, I can’t put something in for the budget.”
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Good news on Atlanta’s water debt may raise support for bond referendum
Atlanta’s upcoming $250 million bond referendum could get a political lift from positive credit rating actions on the city’s water bonds.
Moody’s Investors Service assigned a top investment grade rating to $1.25 billion in water bonds the city intends to sell Feb. 24. Atlanta will use the money to refinance existing debt at a lower cost.
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Worldpay’s economic impact statement shows why civic leaders covet tech firms
A report by Invest Atlanta on the projected economic impact of Worldpay’s move to Atlantic Station illustrates the reasons city leaders want more tech firms in the city.
The jobs pay well and will add significantly to the city’s tax base. The products these employees create are of a high value, and the work process doesn’t create the environmental challenges of some other industries.
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Sharply-higher profits of local owner of New York Stock Exchange beat analysts’ forecasts
The local company that purchased the New York Stock Exchange reported profits Thursday that beat analysts’ expectations.
Intercontinental Exchange, Inc. has created ways to capitalize on the shift from personal to electronic trading, putting it at the heart of metro Atlanta’s robust financial technology sector.
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Reed seeks to boost IT sector; lawyers say it’s ready to grow, create diverse jobs
Technology already is a thriving industry in metro Atlanta, and it came as no surprise when Atlanta Mayor Kasim Reed said Wednesday he plans to promote the sector by keeping more technology graduates in the city.
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Metro Atlanta’s home rentals, sales, construction a mixed bag
A recent study shows housing in metro Atlanta is much cheaper to buy than rent, just as a new report suggests the national housing market may be poised for an upswing.
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Soon to be in metro Atlanta, Google fiber has benefited other cities
Based on the experience of other cities where Google has installed high-speed Internet cable, Atlanta’s entrepreneurial community could gain a great deal of momentum.
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Atlanta provides NCR $3.2 million for Midtown move; terms unavailable
By David Pendered
Atlanta has provided a $3.2 million grant to NCR to help fund its relocation to Midtown. Terms were not available.
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Underground ATL: Ga Tech grad shows time right for redevelopment
As Darron Cooper completed a research paper about Underground Atlanta last year at Georgia Tech, he had no idea the city was on the brink of selling Underground to a developer.
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Atlanta plans $200,000 study to help Turner Field neighborhoods
Atlanta is poised to ask the ARC to help fund a $200,000 study intended to help guide the redevelopment of neighborhoods surrounding Turner Field.
The ARC would provide $160,000 and the city’s match of $40,000 would be provided by the city and by Invest Atlanta, the city’s development arm, according to legislation that’s due to be adopted Monday by the Atlanta City Council.
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BeltLine a player in dense projects near Piedmont, Fourth Ward parks
The Atlanta BeltLine is involved in two projects that could add 22-story structures next to the Historic Fourth Ward Park, and eight-story apartment buildings a half-mile north of Piedmont Park.
At Historic Fourth Ward Park, the BeltLine is seeking to rezone land to a classification that allows buildings up to 225 feet high. The site includes the Masquerade nightclub, located in a stone structure built in 1900.
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Tech’s analysis of Memorial Drive gains political boost via attention from two Atlanta councilmembers
Reducing the speed limit on Memorial Drive from 35 mph to 25 mph could improve safety, cut tailpipe emissions, boost the roadway’s capacity, and even reduce trip times because traffic would flow more smoothly.
Another startling discovery associated with the analysis of Memorial Drive, being conducted this autumn by Georgia Tech graduate students, is the high degree of buy-in from Atlanta city councilmembers who represent the area.
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Atlanta “showing signs” of economic recovery, credit outlook improved, says report with regional implications
The city of Atlanta is “showing signs” that it is rebounding from the recession, according to a new report from Moody’s Investors Service.
Among the signs Moody’s identifies: The tax base is inching up; foreclosures are down to pre-recession levels; the unemployment rate is still stuck above 10 percent, but city officials attributed it to people moving here to look for work rather than to locals unable to find a job.
The report could be a guide in gauging the economy in other parts of the region, though Moody’s did examine only the city of Atlanta in order to rate the credit of a $60 million bond package Atlanta plans to sell Oct. 28.
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ARC board defers decision on seating developers, votes to allow public comment during board meetings
The issue of whether the ARC board should seat citizen members who are developers who lead self-taxing-and-spending entities called CIDs gained some clarity Wednesday.
The ARC again released at its monthly meeting a response that cites two legal opinions and a ruling from a former state revenue commissioner. The opinions say, essentially, developers are not precluded from serving on the board of the Atlanta Regional Commission even if they serve on a board overseeing a community improvement district.
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A final frontier in Atlanta: West End could grow new homes, shops, while sheltering current residents
West End may be an ideal candidate for redevelopment in this unusual era of the economy.
The newly released study of West End by Georgia Tech students sees opportunities in situations that would have been clear threats to redevelopment before the great recession. The report suggests that West End is ripe for new investments in retail and residential.
These ventures could both stabilize and benefit from the redevelopment of a stretch of Northside Drive, an historic industrial corridor that begins at the tip of Buckhead, passes Atlantic Station and the future Falcons stadium, and ends in the vicinity of West End and Fort McPherson.
