Atlanta Mayor Kasim Reed’s proposed budget for the fiscal year that begins July 1 predicts the construction cycle will expand in the upcoming 12 months. A similarly rosy outlook on development also is evident in a report released Wednesday by the Federal Reserve.
Building permits are a key indicator that Atlanta city finance officials used to create the budget for Fiscal Year 2016.
The line item for building permits has increased by 16.4 percent in the FY 2016 budget, compared to current ...more
Atlanta has provided a $3.2 million grant to NCR to help fund its relocation to Midtown.
Terms of the grant were unavailable. Information from an economic impact study conducted by Invest Atlanta, the city’s development arm, was not available Wednesday.
The legislation approved Tuesday by the Atlanta City Council, which provided the money, included these details:
NCR will invest $260 million in new corporate headquarters;
NCR will create 3,600 jobs that are new to the city of Atlanta;
The jobs are expected to have an ...more
Atlanta on Tuesday took another step toward improving the environment just west of the future Falcons stadium in the Proctor Creek basin.
The gist of the plan is to restore the land’s ability to handle stormwater runoff along a portion of Joseph E. Boone. In addtion, the street will be narrowed and bicycle and turn lanes will be installed.
The Atlanta City Council voted unanimously to allocate up to $387,747 for the project. The money will match an anticipated grant from the ...more
An uptick in the sale of new vehicles that’s been linked to lower gas prices spells more trouble for state road funding.
Georgia’s collection of motor fuel taxes fell by 2 percent in the last three months of 2014. Revenues from tag, title, and fees rose by 2.7 percent during that period, according to a tabulation of monthly reports from the Georgia Department of Revenue.
If the trend continues, an ever-increasing number of new, fuel efficient vehicles will be on the road ...more
It comes as no surprise that Moody’s Investors Service views Mercedes-Benz’s relocation to metro Atlanta as a “credit positive” for Atlanta and Fulton County.
What is interesting is the set of reasons for the relocation that are cited in Moody’s report. “Quality of life” ranks on the list of motives to move from New Jersey.
Incidentally, although the Jan. 15 credit outlook issued by Moody’s emphasizes the decision by Mercedes-Benz, it also mentions three other companies that have left New Jersey for ...more
Gov. Nathan Deal sought Wednesday to cast a hopeful tone over the future of transportation. The current reality is grim. For starters, starting June 1, Georgia is facing a $367.2 million shortfall in necessary federal transportation funds in the
“We are currently operating at a rate that requires over 50 years to resurface every state road in Georgia. If your road is paved when you graduate high school, by the time it is paved again you will be eligible for Social ...more
By David Pendered
Forsyth County is quietly going about its business of building $200 million of road projects, and on Thursday commissioners discussed plans for new interchange at Ga. 400.
To keep this sum in perspective, Atlanta voters on March 15 will have a chance to cast their ballots on a proposed $252 million bond issue to improve transportation and city buildings.
In addition, Forsyth County on Monday received the highest credit rating possible from Moody’s Investors Service for an upcoming bond issue ...more
Georgia lawmakers should be mindful of the state’s tourism industry as they deliberate proposed religious freedom bills, leaders of the state’s hospitality industry told a House panel Tuesday.
But with supporters rallying in the Capitol’s Rotunda and then spilling to the ceremonial front door Atlanta City Hall, the proposals already have a lot of momentum. A Republican committee member indicated advocates won’t go quietly into the night.
“We hear this a lot – ‘You guys shouldn’t do that because it will ...more
The first segment of the PATH400 trail is officially open, following a ribbon-cutting ceremony that recognized an historic city-state agreement to create green space in Buckhead.
Eventually, the trail will wind beneath and alongside Ga. 400 because the Georgia Department of Transportation granted unprecedented access to unused right of way. The trail will begin near a cemetery and is to connect near Piedmont Hospital with the Atlanta BeltLine.
The wind chill took temperatures to 24 degrees at the ribbon cutting of ...more
The Georgia Legislature’s new report on transportation funding recognizes the need to improve the state’s freight handling systems, but goes into little detail.
The report does observe that freight must be accommodated. The report does not note that up to $20 billion is needed to improve roads and rail for the exclusive purpose of moving freight on rails and roads, according to a consultant’s report released in 2011 by the Georgia Department of Transportation.
The new report created by the Legislature’s joint ...more
