Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-The city’s Development Authority is moving on two projects aimed at bolstering the Midtown Connector area, setting deadlines for the $2 billion Atlantic Station project on the West Side of the connector and funding the $80 million Yamacraw Design Center in Midtown.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.