Atlanta Mayor Keisha Lance Bottoms says she will not push for a vote on a deal to re-develop "The Gulch."
It was recently announced that a Los Angeles-based group agreed to $42 million in affordability guarantees. The agreement includes allotting 200 residential units as affordable housing. In return, the group wants to turn the prime property into a mixed use space.
On Tuesday, Mayor Bottoms released the following statement regarding the proposals pending before the Atlanta City Council:
"For the past several months, members of my Administration have been working to finalize a deal to redevelop the Gulch area in downtown Atlanta. We have negotiated an unprecedented deal that will transform a 40-acre hole in the ground and make tens of millions in significant investments in other parts of our city related to affordability, equity, and opportunity. We recognize and respect that members of Council, and the public, need more time to understand the largest development deal in our city’s history. I have no intention of asking the authors of these proposals to request a vote on these proposals today. Members of my Administration will continue to work with members of Council and the public to better understand the substantial benefits we have negotiated and the benefits this project will bring to our entire city."
Copyright 2018 WGCL-TV (Meredith Corporation). All rights reserved.