Posted Sep 17, 2018, 4:55 PM
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Join Date: Feb 2005
Posts: 8,809
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BREAKING: Lacking votes, ATL’s $5 billion gulch project delayed
https://www.ajc.com/news/local-govt--pol...-project-delayed/Y65t1y6Tnfs2KcDqEsElKK/
Quote:
Mayor Keisha Lance Bottoms on Monday said she would not push the City Council to vote on her proposal to provide up to $1.75 billion in public financing to help redevelop downtown’s Gulch.
The Gulch is crisscrossed by freight and MARTA rail lines and sits 40 feet below street level, making it a daunting site for potential developers.
But California’s CIM Group has proposed building a $5 billion project over the rail lines and parking lots between the Five Points MARTA station and Mercedes-Benz Stadium.
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