As it executes a business strategy that includes reducing its footprint in Atlanta, Cousins Properties Inc. posted a key measure of profitability Wednesday that exceeded Walls Street expectations.
The strategy consists of reducing the company’s footprint in Atlanta and could include bringing in a joint venture partner for the company’s trophy tower in downtown Atlanta, 191 Peachtree Street.
According to the 10-Q report filed Wednesday with the federal Securities and Exchange Commission, Counsis is “exploring bringing in a joint venture partner” for ...more
Reducing the speed limit on Memorial Drive from 35 mph to 25 mph could improve safety, cut tailpipe emissions, boost the roadway’s capacity, and even reduce trip times.
Another startling discovery associated with the analysis of Memorial Drive, being conducted this autumn by Georgia Tech graduate students, is the high degree of buy-in from Atlanta city councilmembers who represent the area.
Councilmember Natalyn Archibong initiated the project and encouraged Tech to conduct the framework design studio.
Archibong provided about $13,000 from her council ...more
The musician lockout at the Atlanta Symphony Orchestra was foreshadowed almost a year ago in a rating action by Moody’s Investors Service.
Moody’s message was clear: Either ASO’s fiscal drain on Robert W. Woodruff Arts Center, Inc. would be reduced, or Moody’s may lower the credit rating on $188.26 million in debt Woodruff sold in 2009. Moody’s expected action this autumn.
Moody’s did not comment on Woodruff’s other debt, such as the $14.5 million Woodruff borrowed in 2008 to build an amphitheater ...more
Ebola tests have been conducted on 27 passengers at Atlanta’s airport and none tested positive for the disease, according to the latest available federal report.
The 27 who were tested in Atlanta were among a total of 521 passengers tested as they traveled through one of the five U.S. airports that have implemented enhanced screening for Ebola. The report covers from Oct. 11 to Oct. 20.
Among the five airports, only one – Washington Dulles – identified passengers who were transported to ...more
A border dispute appears to be breaking out in DeKalb County, involving Brookhaven and two cities that haven’t even been incorporated.
The issue is the tax base represented by two entities that have requested to be annexed into Brookhaven – Children’s Healthcare of Atlanta, and Executive Park.
Two proposed cities, Lakeside and Briarcliff, have included property taxes from this area in their budget considerations. The future competitors are now aligned against a common foe.
In addition, the situation presents the latest twist in ...more
The basin of the Chattahoochee River is threatened by stormwater runoff that carries hazardous materials from industrial sites into the water system, a new report shows.
This situation prompted the Georgia Water Coalition to again include the Chattahoochee River on its 2014 edition of Georgia’s Dirty Dozen, a list of water pollution problems across the state that was released Wednesday.
The release of Georgia’s Dirty Dozen also served as a changing of the guard for the Chattahoochee Riverkeeper. Sally Bethea, founding executive ...more
Less than 10 percent of those who applied for a job-training program initiated by Falcons team owner Arthur Blank passed the drug/alcohol test required for acceptance to the program, according to Atlanta City Councilmember Ivory L. Young, Jr.
Young cited the figure to illustrate the challenge of job training for individuals who have troubles past or present. Of 160 applicants, 18 were accepted, he said.
The issue of jobs-training is again becoming relevant in Atlanta, as the new Falcons stadium creates jobs ...more
Signs of the discriminatory lending practice called redlining have reemerged in metro Atlanta, according to a new analysis of home sale prices.
Georgia Tech Professor Dan Immergluck reached this conclusion in his study that determines the extent of the uneven recovery of home prices in metro Atlanta.
Immergluck said the report shows the need for regulators to refocus on fair lending. Risk-averse lenders have gone so far in restricting loans that entire sections of metro Atlanta are essentially off limits to groups ...more
One of the more photogenic parks planned for the Atlanta BeltLine is also the largest, and plans for moving it forward may be starting to shape.
The old Bellwood Quarry is soon to be the sole subject of a redevelopment review committee to be formed by the Atlanta City Council, according to legislation led by Councilmember Michael Julian Bond. The council is slated to approve the proposal as part of the consent agenda on Oct. 20.
Of political note, Bond omitted council ...more
Atlanta’s workforce training program should help residents learn the skills needed to get jobs in Atlanta’s film industry, an Atlanta councilmember with a unique perspective said Tuesday.
“The movie industry is hot in the city of Atlanta,” Atlanta Councilmember Joyce Sheperd said in a meeting of the council’s Community Development and Human Resources Committee.
Sheperd made her remarks following a presentation by Michael Sterling, who described the administrative changes he has made since taking the helm of the Atlanta Workforce Development Agency. ...more
