Court Ruling Clears $1.9 Billion in Public Money for Atlanta Mega-Project
"The city of Atlanta can issue bonds backed by future sales tax dollars to help support an up to $5 billion redevelopment of downtown Atlanta’s Gulch," reports J. Scott Trubey.
A July 3 ruling by Fulton County Superior Court Chief Judge Robert McBurney clears the way for the "developer CIM Group to begin development of a mini-city in a 40-acre dead zone of parking lots and weedy rail beds between Mercedes-Benz Stadium and the Five Points MARTA station," according to Trubey.
The ruling allows the city of Atlanta to issue bonds, "to be repaid by future sales tax revenue generated on the Gulch site." The bonds will be used to "fund vital infrastructure and development of the project," which will be renamed as Centennial Yards.
The decision is controversial in Atlanta, where project opponents say that revenue projections for the development don't prove that sales tax revenue will be enough to cover the costs of the bonds. The Atlanta City Council voted in November to provide $1.9 billion in public money to support the project.
Topics
- The Deliberate Segregation of U.S. Cities, as Evidenced by Freeway Congestion
- A Retiring Dean Considers the Changing Responsibilities of Planners
- A New Kind of Planning Controversy: the Emoji House
- Mobility Data: How Your Travel Patterns Could Inform Policy
- Shared Mobility Subsidies Dry Up, Revealing the Industry’s Economic Realities
- Voters Will Decide on $3.5 Billion Transit Funding Bond in Houston
- As Cities Densify, New Building Design Strategies Keep Them Livable
- New D.C. Development Guidelines Require More Consideration of Walkability
- Columbia River Crossing Project Officially Back From the Dead
- Gentrification and Race in the San Francisco Bay Area
- Climate Change as a Housing Crisis 'Threat Multiplier'
- Unified Fare Payment in Detroit
- Twin Cities Light Rail Cuts Overnight Service, Displaces Hundreds of Homeless Riders
- As Housing Units Multiply, Local Businesses Struggle to Hang On in Downtown Oakland
- 'Housing Twitter' and the Great Debate
- Good and Bad News in California's Greenhouse Gas Emission Inventory
- Oil and Water: Ride-Hailing and Airport Traffic
- New Landscape Architecture Prize the First of its Kind
- Train Travel Gains Popularity as 'Flight Shame' Trends in Europe
- New Paper: Exclusionary Is a National Problem in Need of Federal Action
