Atlanta’s development authority board is thankful for the philanthropy behind a valuable tourist draw Downtown, but not everyone thinks the city should show its appreciation by spending that $7.5 million from a special tax fund on the aquarium.
Tag: invest atlanta
Posted inMaggie Lee
Up to $7.5 million grant from west side tax fund teed up for aquarium
Some at Atlanta’s development authority have recommended their colleagues spend $7.5 million from a special tax fund on the $108 million expansion of the private Georgia Aquarium. But the full board may ask whether a new shark exhibit request comes when there are more pressing public needs.
Posted inLatest News
Review suggests reconstituting nonprofit board associated with Invest Atlanta
The nonprofit Partners for Prosperity should be reworked to distinguish it more from the city’s development authority, according to the law firm that reviewed the nonprofit’s operations after an unusual $40,000 transaction involving City Hall.
Posted inLatest News
Atlanta City Council to consider measures to rebuild the Gulch with tax breaks
Atlanta City Council is wading into some proposals about if to allocate (and millions and millions) of tax dollars to private developers to try and encourage building in a pair of special zones on either side of the Connector. Ground zero is Downtown’s Gulch.
Posted inColumns
Historic Gaines Hall crumbles while Invest Atlanta seeks to stabilize it
Exactly three years ago, a fire damaged the historic Gaines Hall on the golden hill on Martin Luther King Jr. Drive.
Then Atlanta Mayor Kasim Reed pledged to save Gaines Hall.
Now three years later, little has been done to stabilize, much less restore, Gaines Hall, built in 1869.
Posted inLatest News
Atlanta agency head reprimanded, but keeps job, after review of spending
Eloisa Klementich will stay on as leader of Atlanta’s development authority, but loses her employment contract after a review of a nonprofit that’s linked to the agency and Klementich herself.
Posted inLatest News
Three tax incentive deals for big developments divide Atlanta board
The board of Atlanta’s investment authority on Thursday approved deals that include tax breaks worth $16.1 million over ten years meant to help jumpstart three big developments. But with an eye toward property tax bills going out soon to homeowners, critics asked whether the city needs to be handing out breaks for these works.
Posted inLatest News
No word out of Invest Atlanta meeting on review involving related nonprofit
The board of Atlanta’s development agency has held its first meeting since setting up an internal review of an agency-linked nonprofit, but there’s no word yet on any findings or any report.
Posted inLatest News
Vine City affordable housing for seniors brings together church, city, community
A big yellow excavator at Spencer and Walnut streets in Vine City was still on Friday morning — but just for a while, so folks could enjoy a ceremony to mark the groundbreaking for an apartment being built there so that seniors can afford it.
Posted inLatest News
Atlanta agency votes for Vine City mixed-income build
Atlanta’s development agency has voted to sell the city’s housing authority 7.8 acres of land in Vine City for a $60 million mixed-income residential project.
Posted inLatest News
Georgia Supreme Court rules in favor of Clark Atlanta and against Invest Atlanta in Morris Brown land sale
The Georgia Supreme Court has ruled in favor of Clark Atlanta University over ownership of former Morris Brown College land – virtually exhausting Invest Atlanta’s legal options on the case.
The Georgia Supreme Court reaffirmed last year’s ruling by the Georgia Court of Appeals, which agreed that Clark Atlanta had legal right to the Morris Brown property.
Posted inLatest News
Atlanta’s Mayor Bottoms unveils $9 million effort to help low-income homeowners
Atlanta Mayor Keisha Lance Bottoms announced three new affordable housing programs Friday to help low income homeowners from being displaced.
The three programs total $9 million, which the mayor said was a “drop in the bucket” of what needed to be invested to make Atlanta an affordable city for everyone.
Posted inLatest News
Atlanta receives $60 million to spur development, create jobs in low-income areas
Atlanta received more federal tax credits to spur development in the round of awards announced Tuesday than it did in the previous round, awarded in 2016. Atlanta Mayor Keisha Lance Bottoms heralded the latest award as one of the largest in the country.
Posted inThought Leader, Transit
MARTA RAIL STATION TO HOUSE ‘SHIPPING CONTAINER VILLAGE’
The Metropolitan Atlanta Rapid Transit Authority (MARTA) is providing space for a new development of small businesses and startups at its westernmost rail station, Hamilton E. Holmes. Over a dozen repurposed shipping containers will provide around 6,500 square feet of retail and office space. MARTA is partnering with the City of Atlanta and Invest Atlanta […]
Posted inLatest News
City land sale for build on Beltline along Piedmont Park gets conditional OK
Atlanta’s development agency took the first step to selling a piece of prime Midtown Beltline-front property that a developer is eyeing as part of a big mixed-use build. But acknowledging the alarm from some neighbors, Invest Atlanta did impose conditions, including community engagement, for closing the deal.
Posted inLatest News
Atlanta closes deal, prepares to start work on Civic Center site
In a couple of years, the place where the Civic Center now stands will be a destination like Atlantic Station or Ponce City Market — with some below-market-rate housing.
Posted inColumns
Atlanta – save Gaines Hall – a building too important to die
It’s been more than two years since historic Gaines Hall caught on fire – and little has been done to save one of the oldest and most significant buildings in Atlanta.
Gaines Hall continues to deteriorate in front of our eyes – a victim of the natural elements as well as inadequate fire insurance coverage. The building also has been in the middle of a hotly contested legal battle between the City of Atlanta’s Invest Atlanta and Clark Atlanta University over who owns land that used to belong to Morris Brown College.
Posted inLatest News
Court of Appeals rules that Clark Atlanta owns 13 acres the City bought from Morris Brown
The City of Atlanta’s Invest Atlanta has lost another legal ruling over its ownership rights of about 13 acres it thought it had acquired from Morris Brown College in June 2014.
The problem, then as now, was that Clark Atlanta University argued that it actually held the reversionary rights to that property.
Posted inLatest News
Atlanta ethics board: not changing mind on tickets for development agency
Atlanta’s Board of Ethics has voted not to reconsider a 2013 opinion that says the city’s development agency can’t get free premium tickets to Mercedes-Benz Stadium.
Posted inLatest News
Invest Atlanta board signals approval for bonds, breaks for Turner Field builds
The first phase of Turner Field redevelopment looks to be on track for city bonds and tax abatements after votes by the board of Atlanta’s development authority.
