Posted on SAPORTAREPORT website by David Pendered on July 1st, 2013
Two billion dollars in investments near Northside Drive in downtown Atlanta ought to go a long way toward promoting the rejuvenation of a gritty, five-mile stretch of the road located south of I-75.
A new study from Georgia Tech posits that this investment may catalyze landowners and civic leaders to evolve Northside Drive from a patchwork of low-density uses into a grand transit boulevard – one that links I-75 and I-20 as it passes Atlantic Station, Georgia Tech, new Falcons stadium, the Atlanta University Center and West End – that induces new east-west connectivity.
This $2 billion investment is the low end of the total sum envisioned for the new Falcons stadium and the Georgia MultiModal Passenger Terminal, the still-official and still-tongue-tying name of the transit hub and mixed-use development planned for downtown Atlanta.
The new stadium is a sure thing, as at least $1 billion in financing has been assured by Atlanta and the Falcons, and an opening is planned for the 2017 NFL season. The MMPT is still a question mark, though the master developer is working around the country to find investors for the planned mini-city it’s been authorized to build around MARTA’s Five Points Station.
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