|From:||Lenny Siegel <email@example.com>|
|Date:||Wed, 25 Aug 2010 09:26:58 -0700 (PDT)|
|Subject:||[CPEO-BIF] Doraville, Georgia GM redevelopment "dead"|
GM Doraville, New Broad Street deal dead by Douglas Sams Atlanta Business Chronicle (GA) August 24, 2010The DeKalb County Board of Commissioners voted 5-2 to kill New Broad Street Companies' deal to acquire and redevelop the former General Motors plant on 165 acres in Doraville, Ga.
DeKalb County CEO Burrell Ellis lamented the $110 million project would have created 9,000 jobs and pumped $360 million in wages back into the local economy.
Ellis called Tuesday's defeat a "lost opportunity" but said "all hope is not lost." He will try to work with the board to pursue other ideas for the site.
The plans called for New Broad Street and the county to buy the GM property for $60 million. Of that price, DeKalb County would have had to chip in $35 million, financing its portion through bonds and federal stimulus funding.
... For the entire article, see http://atlanta.bizjournals.com/atlanta/stories/2010/08/23/daily17.html -- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <firstname.lastname@example.org> http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org
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