According to a published report, the schedule approved for the Atlantic Station project calls for infrastructure and parking to be completed within three years.
Atlantic Station is a 138-acre mixed use enclave that will include hotels, restaurants, apartments and condos, retail and office space and entertainment venues.
The city is expected to help fund the infrastructure development with up to $75 million in tax-allocation bonds. City Attorney Susan Pease Langford tells GlobeSt.com the city will issue tax-allocation bonds for an amount based on the projected incremental tax increase created by the development.
The Authority also approved $80 million in funding for the Yamacraw Design Center, a state economic development initiative with a focus on technology to be located at Midtown Park, a $130 million, 15-acre mixed use project on Fifth Street.
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