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
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
Atlanta could clear about $10 million from the sale of Underground Atlanta if the deal goes through as expected.
Atlanta owes about $15.5 million on the loan it took out to develop Underground Atlanta, according to EMMA, an official repository of information on city securities. The sale price has been estimated at $25.75 million.
In addition to eliminating the annual debt payment, the sale of Underground would cut out about $3 million of additional expenses the city pays annually, according to the ...more
Atlanta city officials are to meet Tuesday with vendors to begin the process of monetizing the public space in order to generate up to $5 million a year.
The idea is for Atlanta to collect fees for allowing private companies to install “amenities” in commercial areas. Boston is cited as one example of the concept, for its $21 million, 20-year contract for advertising on street furniture.
Atlanta has issued a request for information and has scheduled a pre-conference Tuesday to answer questions ...more
Atlanta Mayor Kasim Reed has appointed Dan Halpern, a politically influential Atlanta businessman whom Reed previously placed on the board of the Atlanta Housing Authority, to represent Atlanta on the Airport West Community Improvement District.
This CID was formed earlier this year to promote a region west of the airport. The CID’s board approved in June an annual budget of $1.6 million to fund various planned improvements.
Halpern’s appointment is on track to be confirmed by the Atlanta City Council in January. ...more
Memorial Drive has the potential to become a visually interesting and vibrant corridor along its section from Oakland Cemetery to the DeKalb County line.
At least, that’s the opinion of a group of Georgia Tech students who have spent their fall semester analyzing Memorial Drive. On Wednesday, they unveiled a report they and their professor think is so well developed that parts of it are ready to be implemented.
Students crafted their report with the details typical of reports created with funding ...more
Georgia State and the CDC have teamed up on a two-year research project to evaluate how the Atlanta BeltLine is affecting the quality of life of people who live near it.
The BeltLine is the nation’s largest urban renewal project. As such, there’s a great deal of interest in the degree to which the BeltLine can improve the physical and mental well being of people who live near it or use it regularly.
The new study will address some of those issues. ...more
Atlanta will continue to allow 10-year-old taxis to operate in the city under legislation slated for adoption Monday by the Atlanta City Council.
This is to be the fourth waiver of the age limit on the city’s taxi fleet since Mayor Kasim Reed’s administration began an effort in July 2011 to clean and modernize the city’s fleet of up to 1,600 vehicles for hire.
This effort may gain new life in the council in 2015.
The pending legislation calls on the council’s Public ...more
