Atlanta's Development Authority Takes Steps to Improve Downtown

ATLANTA-The Atlanta Development Authority approved development agreements this week to help boost downtown development.

The pacts set the stage for Atlanta to issue some $15 million in tax allocation bonds that will benefit projects in the Westside Tax Allocation District, according to published reports. The projects include hundreds of new condominiums, two grocery stores and a downtown business park. Bond proceeds will pay for infrastructure improvements in the project area.

The projects include Museum Tower, a condominium under construction on the north end of Centennial Olympic Park; Northyards Business Park near North Avenue and Northside Drive; Centennial Market, a retail center on Centennial Olympic Park Drive; Atlanta Centennial House, a 101-unit condominium under construction on Williams Street; and 123 Luckie St., a condo project completed in 1999. Centennial Market is to be anchored by a Kroger grocery store.