ATLANTA | Development Thread V - Page 123

gttx · #**2441** Posted **Mar 7, 2010, 5:39 AM**

Quote:

Originally Posted by Fiorenza

There's also a good chance that Delta relocates to NYC from Atlanta.

I'm going to put the chances of that at 0%. But I'd love to hear where you heard it.

mayhem · #**2442** Posted **Mar 7, 2010, 11:21 AM**

Breaking news from Duluth!11!!11!

Fiorenza · #**2443** Posted **Mar 7, 2010, 3:17 PM**

I hope you're right. but as far as Delta goes Atlanta has been screwing the pooch lately.

As you know, they pulled their support of Atlanta sports teams and are now sponsoring NY sports.

And Ben DeCosta sure didn't help the cause, nor did some public comments of city council members.

Pessimistic Observer · #**2444** Posted **Mar 7, 2010, 4:06 PM**

delta moving there headqaurters to a more expensive area wouldnt hurt atlanta as much as delta moving there hub from hartsfield to ny would
but i think they just signed a new deal recently in regards to the hub and also with the airports new terminal coming on line in 2012 that also makes delta moving the hub unlikely.

ps. decosta will no longer be the head guy at the airport in june

Fiorenza · #**2445** Posted **Mar 7, 2010, 5:38 PM**

Agreed, it would make no sense for Delta to move their domestic hub to NY. I'm just making the point that their HQ (executives) could relocate.

mike7586 · #**2446** Posted **Mar 7, 2010, 6:54 PM**

Quote:

Originally Posted by Zanarkand A East

I'm a native Atlantan that's spending a few weeks in Charlotte for some contract work. I'm doing some research about the area, and I ran across this. It reminded me of the Grand Central Station (MARTA, AMTRAK, bus station) and Green Line projects discussed for the Five Points area, but this project in Charlotte is set to open in 2010...

http://charmeck.org/Departments/CATS/Rap...eway+Station/CGS+Project+Description.htm

After missing out on millions of federal transit dollars to Charlotte and Tampa (wtf?), and already losing the banking industry to North Carolina decades ago, I wonder if Atlanta will be the capital of anything in 20 years?

Hey everyone, I'm new to the forum. I live in Charlotte and I'm not sure where you got your 2010 opening date from, but the Charlotte Gateway Station hasn't even broke ground yet and there is currently no money to build it right now. Some of the federal transit dollars NC received will go towards fixing the rail tracks around the station (which is the first step), but none of that money will go towards actually building the station. There is a good chance it will start construction in at least the next 5 years, but right now it is not under construction and it will not open this year.

By the way, I love Atlanta and I am hoping to move there soon (and this is coming from someone who has lived in Charlotte pretty much their whole life).

STrek777 · #**2447** Posted **Mar 7, 2010, 11:47 PM**

Quote:

Originally Posted by Fiorenza

Yes. It's only a matter of time. I estimate one year. There's also a good chance that Delta relocates to NYC from Atlanta.

Absolutly Delta is moving to NYC! But that's not the only change... United and American are merging and the alliance will be renamed One Star World Alliance! Southwest will be annoucing shortly that it will be starting service to Europe. Oh and least I forget Airtran will buy out Continental and move the HQ to Idaho! Just wait and see its all just as likely to happen!

sevensixtwo · #**2448** Posted **Mar 8, 2010, 7:40 AM**

BlindFatSnake · #**2449** Posted **Mar 8, 2010, 12:58 PM**

Quote:

Originally Posted by STrek777

Absolutly Delta is moving to NYC! But that's not the only change... United and American are merging and the alliance will be renamed One Star World Alliance! Southwest will be annoucing shortly that it will be starting service to Europe. Oh and least I forget Airtran will buy out Continental and move the HQ to Idaho! Just wait and see its all just as likely to happen!

And don't forget, Ted Turner is moving his studios to LA, and the Falcons are moving to Birmingham to play in their yet-to-be-built 75,000 seat dome. Since the Falcons didn't get their sweet heart deal on a new stadium, Arthur Blank thinks moving to Alabama would increase his chances of getting another Super Bowl...

And I personally heard from my sources that The Varsity and The Fox were shutting down and following Coke Cola to Portland because Atlanta just ain't cutting it anymore... Now take that Fiorenza "the fear monger"...

briantech · #**2450** Posted **Mar 8, 2010, 1:04 PM**

I heard they were going to uproot the BOA tower and ship it to Nashville. It's going to take something like 5 or 6 "wide load" semi trucks, should be a sight to see.

AtlantaMustang · #**2451** Posted **Mar 8, 2010, 2:07 PM**

Quote:

Originally Posted by briantech

I heard they were going to uproot the BOA tower and ship it to Nashville. It's going to take something like 5 or 6 "wide load" semi trucks, should be a sight to see.

Look! there it goes now!!

echinatl · #**2452** Posted **Mar 8, 2010, 4:56 PM**

Any updates about the Peachtree and Pines bank forclosure? The article below stated that they had a month to come up with around $500,000, and it has now been more than one month right?
http://www.ajc.com/news/atlanta/lender-forecloses-on-homeless-290533.html?cxtype=rss_news_81960

micropundit · #**2453** Posted **Mar 8, 2010, 7:12 PM**

Monday, March 8, 2010, 1:17pm EST | Modified: Monday, March 8, 2010, 1:27pm
Atlanta Business Chronicle - by Dave Williams Staff Writer

View Larger The Georgia House Monday overwhelmingly approved a tax bill aimed at keeping the Atlanta Falcons in the city’s downtown for decades to come.

The legislation, which passed 151-13 and now goes to the Senate, would authorize extending the 7 percent hotel-motel tax that supports the state-owned Georgia Dome, Georgia World Congress Center and Centennial Olympic Park through 2050.

The tax, imposed in the early 1990s when the Dome was built, is due to expire in 2020.

Although the Georgia Dome is fewer than 20 years old, it is the fourth oldest stadium in the National Football League. Falcons officials have scouted potential sites for a new stadium in the city’s suburbs.

Extending the hotel-motel tax an additional three decades would send a strong signal that the state wants to keep the Falcons downtown, either in a renovated Dome or a new stadium on the same property, said Rep. Mark Burkhalter, R-Johns Creek.

Burkhalter, the bill’s sponsor, said the Dome and the adjoining World Congress Center draw 3.5 million out-of-state visitors to Atlanta every year, providing a $2.5 billion annual boost to the city’s economy and more than $200 million a year in tax revenue.

“It’s important that we invest in these little engines of economic development, to keep them running and allow us to recover quicker than other states from this economy,” he said.

Under the bill, the tax would be extended only if the Falcons agree to remain at the Georgia Dome or a “successor facility” on the property.
Lawmakers amended the bill on the House floor Monday to give the cities that have sprung up in Fulton County since the hotel-motel tax was adopted the option of collecting the extended tax in their communities. Those newer cities include Sandy Springs, Johns Creek, Milton and Chattahoochee Hills.

slymjym · #**2454** Posted **Mar 8, 2010, 11:57 PM**

Quote:

Originally Posted by AtlantaMustang

Look! there it goes now!!

HAHAHAHAHA....I'm dying! hahahaha....

ChicagoChicago · #**2455** Posted **Mar 9, 2010, 12:22 AM**

Quote:

Originally Posted by AtlantaMustang

Look! there it goes now!!

Is that why traffic was "sofa king" bad today???

futuresooner · #**2456** Posted **Mar 9, 2010, 12:59 AM**

Huge loss if in the long run the Falcons move their home to the burbs.

ChicagoChicago · #**2457** Posted **Mar 9, 2010, 6:51 AM**

Quote:

Originally Posted by futuresooner

Huge loss if in the long run the Falcons move their home to the burbs.

It won't happen. My family has had tickets since 1990, I grew up in Lawrenceville and the fam still lives in Suwanee, and they think the Earth revolves around the north suburbs... But it still won't happen. They don't have the road infrastructure to deal with 75,000 people.

The city of Atlanta needs to just come to grips with the fact that the next stadium is going to be owned by Blank and they are going to have to foot the bill for part of it. As it stands, the Falcons are one of the lowest valued teams in the NFL, largely because of the (lack of) stadium revenue sharing by the state.

micropundit · #**2458** Posted **Mar 9, 2010, 1:26 PM**

Quote:

Originally Posted by ChicagoChicago

It won't happen. My family has had tickets since 1990, I grew up in Lawrenceville and the fam still lives in Suwanee, and they think the Earth revolves around the north suburbs... But it still won't happen. They don't have the road infrastructure to deal with 75,000 people.

The city of Atlanta needs to just come to grips with the fact that the next stadium is going to be owned by Blank and they are going to have to foot the bill for part of it. As it stands, the Falcons are one of the lowest valued teams in the NFL, largely because of the (lack of) stadium revenue sharing by the state.

The City of Atlanta is not a major player in this deal; the State of Georgia owns the Georgia Dome and the Falcons are a tenant.

The good news in the legislation is that the mechanism to finance the lions share of the public sector financing for a new stadium is now in place,eg the tax income stream. The financial formula that the most recent NFL stadiums have used for their construction has been to get a percentage of the cost from the owner; a per centage of the cost from the league-and a super bowl slot; a percentage of the cost from naming rights and; a what has usually been the hardest part, a percentage from the public sector. Here in Atlanta, the proposed legislation addresses a large portion of that issue .

The city of Atlanta and Fulton county may use TAD funds for some infrastructure improvements but by and large the public sector or more to the point the tax payers will not be required to pay for the stadium out of their pockets. Only users of the hotels/motels pay.

Fiorenza · #**2459** Posted **Mar 9, 2010, 3:42 PM**

I can agree to investing a few millions of public money for a college football hall of fame because there would be a strong multiplier effect from an investment of that size and impact. However - especially given the financial condition of Atlanta, state of Georgia and US, at this time I cannot see any scenario from investing a few hundred million in a replacement domed stadium that would yield a decent return on investment to the taxpayers.

Some of you are in denial as to the true state of affairs. We are in a very precarious situation, especially Atlanta.

micropundit · #**2460** Posted **Mar 9, 2010, 3:53 PM**

Quote:

Originally Posted by Fiorenza

I can agree to investing a few millions of public money for a college football hall of fame because there would be a strong multiplier effect from an investment of that size and impact. However - especially given the financial condition of Atlanta, state of Georgia and US, at this time I cannot see any scenario from investing a few hundred million in a replacement domed stadium that would yield a decent return on investment to the taxpayers.

Some of you are in denial as to the true state of affairs. We are in a very precarious situation, especially Atlanta.

Well this is another reason why the"investment" is so important: as the press accounts clearly state the Georgia Dome MAKES money for the City of Atlanta;Fulton County and the Stae of Georgia. By improving the performance of an asset, all of the parties benefit. The llegislation allows for the continuation of an existing tax,at no increase of the rate, for a longer period CONTINGENT upon the Falcons remaining as a tentant at either a renovated or new facility owned and operated by the Georgia World Congress Center Authority.