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Work Session Scheduled to Discuss Legislation Related to the Proposed Atlanta Gulch Project

Post Date:09/12/2018 9:50 AM

News Release

FOR IMMEDIATE RELEASE
Council Communications
Atlanta City Hall
55 Trinity Avenue SW, Suite 2551
Atlanta, Georgia 30303 

CONTACT:
Dexter Chambers
Director, Office of Communications
Office: (404) 330-6309 / Cell: (404) 392-0159
Email: dchambers@atlantaga.gov

 

September 12, 2018

 

Work Session Scheduled to Discuss Legislation Related to the Proposed Atlanta Gulch Project

ATLANTA – The Community Development/Human Services Committee of the Atlanta City Council will hold a work session on Thursday, September 13, 2018 at 9:30 a.m. to discuss pending legislation related to the proposed Atlanta Gulch Project. Representatives from various City Departments, Invest Atlanta, the Atlanta Independent School System, and Fulton County Government will be invited to attend. There will be no official action taken by members of the Atlanta City Council. The work session is open to the public and will take place at:

ATLANTA CITY HALL
55 TRINITY AVENUE, S.W.
COUNCIL CHAMBER
ATLANTA, GEORGIA 30303

According to the mayor’s office, the plan by developer CIM Spring St. would include:

  • An investment of $28,000,000 into a trust fund that will be used to increase affordable housing citywide
  • A commitment to construct a minimum of 200 residential units or 20% of the total built, whichever is greater, as affordable housing
  • An investment of $12,000,000 into an economic development fund that will be used to encourage new investment citywide
  • A commitment of $2,000,000 towards the implementation of the Atlanta Committee for Progress-designed workforce development plan
  • The construction of a new APD mini-precinct, which will be leased to the city for $1/year
  • The construction of a new, seven-bay fire station or $12,000,000 towards the cost of building a new station
  • Numerous security enhancements in the area including public safety call boxes and cameras
  • A commitment to lease office space for Invest Atlanta at 50% below market rate
  • A commitment to host the annual Peach Drop for the next ten years at no rental cost to the event organizers
  • Construction of a new Nelson Street Bridge at an estimated cost of $5,000,000
  • Establishment of a commemorative marker recognizing Carrie Steele Logan’s creation of the first orphanage to serve African American children in Georgia
  • A commitment to a goal of at least 38% utilization of minority and female owned businesses and to offer 10% equity to MBEs and/or FBEs
  • An agreement to cover all customary fees associated with redevelopment projects

 

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