Atlanta Public Schools are asserting a right to get out of a deal that will see state and local governments forego something nearing maybe $2 billion in taxes through 2038 to subsidize a new development in the Gulch.
By Guest Columnist MIKE DOBBINS, professor of the practice of planning at Georgia Tech’s College of Architecture and former Atlanta planning commissioner
With the Atlanta City Council’s action to approve the CIM deal to develop the Gulch in Downtown Atlanta, what should city officials and citizens be doing to follow up the many, many complicated steps, approvals, and financial transactions that will now persist over a 20-plus year timeframe?
Norfolk Southern’s plan to secure up to $600 million in funding for a new office building from Invest Atlanta, the city’s development arm, was deferred Thursday. In addition, Norfolk’s mayor was quoted Thursday saying the company’s move from Norfolk may not happen as soon as some think, and the company’s latest federal financial report portrays it as being in a strong financial position in the booming transportation sector.
Three days after Atlanta City Council approved public financing for a developer planning a huge rebuild in the Gulch, the city’s economic development authority ratified financial and development deals to advance the project.
Atlanta Mayor Keisha Lance Bottoms has sent a revised, and somewhat simpler proposal to City Council Council that still makes a big ask for future tax dollars to subsidize major new construction in the Gulch.
By the end of a roughly 90-minute public meeting at Atlanta City Hall on Wednesday night, two things were getting familiar through repetition: the city’s pitch for up to $1.75 billion in tax incentives for a developer pursuing a Gulch re-do; and opponents saying the people of the city ought to get a lot more out of the deal.
By Maria Saporta It’s a different day at Atlanta’s City Hall. Although it is still early in her administration, Atlanta Mayor Keisha Lance Bottoms is emerging as a far different kind of executive than her predecessor – Atlanta Mayor Kasim Reed. The most notable change is attitude. Bottoms is not the bully that Reed was. […]
Atlanta Mayor Keisha Lance Bottoms accepted a $500 contribution during her run-off campaign last year from an employee of the company that plans to develop the Gulch. This contribution has been overshadowed by other aspects of the campaign to slow the mayor’s push for a Monday vote by the Atlanta City Council.
Atlanta Mayor Keisha Lance Bottoms wanted City Council to approve a Gulch redevelopment deal as early as Monday, though she’s backed off that timeline. Not everyone on Council seems convinced that the proposed sweet deal for the developer is just as sweet for city residents.
The Fortune 500 company looking to move its corporate headquarters to the Gulch in downtown Atlanta is Norfolk Southern Corp.
The railroad company ranked as No. 284 on the Fortune 500 list, currently is based in Norfolk, Va. It opened its current 21-story headquarters in Norfolk in 1988. The headquarters relocation could bring as many as 1,400 jobs to Atlanta.