Tuesday, August 24, 2010

GM Doraville, New Broad Street deal dead - Atlanta Business Chronicle

The Dekalb County Commissioners voted against funding New Broad Street's proposal to redevelop the GM plant site in Doraville. This is a signature site that when developed could become a signature property in the County and a poster child for well executed in-fill mixed use development, generating significant tax revenue for the County. Unquestionably, New Broad Street has the ability to create a desirable development. However, the majority of the commissioners fail to see the long term benefit of the project and act in a nature showing more concern about their postions than for the long term benefit of the County.
GM Doraville, New Broad Street deal dead - Atlanta Business Chronicle

Deal to redevelop GM Doraville: $110 million

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