This week, Atlanta Mayor Keisha Lance Bottoms touted a redevelopment plan for The Gulch, an undeveloped 27 acres of land in downtown Atlanta surrounded by the CNN Center, Philips Arena, Mercedes-Benz Stadium and railroad tracks.
Developed by Los Angeles-based CIM Group, the plan was presented during Tuesday’s Atlanta City Council. Bottoms said that implementation of the plan will not cost the City any money.
Bottoms also mentioned the redevelopment plan is spurred on by the possibility of Amazon selecting Atlanta as its choice to establish a second headquarters for their company.
This project could be given the green light with or without Amazon. If CIM can promise up to $3.5 billion worth of development in The Gulch, city officials have said $900 million in public financing via bonds could be at the company’s disposal.