City of Atlanta, Gulch developer in talks to revise deal
https://www.ajc.com/news/local-govt--pol...alks-revise-deal/D6t2iOCYsJABVMkSK2xrWN/
"Developer CIM Group and the city of Atlanta are locked in 11th-hour negotiations on a public financing package to support the $5 billion project aimed at transforming downtown’s Gulch.
Mayor Keisha Lance Bottoms has pushed for a Monday City Council vote on the current proposal, which calls for up to $1.75 billion in public financing. But that plan might have hit a wall. It appears the measure does not have the eight council votes needed to pass, and a Monday vote is doubtful, people familiar with the matter told The Atlanta Journal-Constitution.
Bottoms has staked significant political capital on the Gulch project, which she says will transform a neglected area in the heart of downtown. But she was forced to shelve an earlier vote.
CIM and the city met for hours Thursday and Friday to hash out new terms. They discussed ways to reduce the overall taxpayer contribution and increase the public benefits, said three people who asked not to be identified because they aren’t authorized to comment."