A coalition of opponents organized under the name “Redlight the Gulch” have refuted the terms outlined in a new deal made by the city with CIM Group to develop the 40-acres property in Downtown.
The coalition took issue with Mayor Keisha Lance Bottoms’ administration’s statement that the public cost of the proposed $5 billion deal has dropped to just $40 million.
“If that were true, the Redlight the Gulch Coalition would drop its opposition to the deal,” spokesman Julien Bene, a former member of Invest Atlanta who has publicly opposed the deal, said in a statement. “The truth is entirely different. This new scheme still diverts $1.08 billion of property taxes to the Gulch, along with $500 million in sales taxes, in 2018 dollars. The public cost is 40 times higher than reported yesterday. Not mentioned in the mayor’s statement: funds to the neighborhoods would drop from $125 million to $8 million.”
The statement continued that “the deal is simply not in the interest of city residents, communities and taxpayers. That remains true under the revised deal regardless of how the Mayor’s office attempts to disguise what this would cost residents. We call on the City Council to reject this shady deal and guide the city back to doing the public’s business in the public’s interest.”
You can see the coalition’s full statement and break down of their tax concerns facebook.com/RedLightTheGulch.
I am a long time resident of Atlanta. For me anything other than a Transportation center I am not interested in adding any tax money to the “Gulch”. Updating buildings and improving what already exist, making affordable for the businesses already established and housing for people that work in hotels, restaurants,people working at the Aquarium, the stadiums, etc. If anyone would look back on the history of that property, they would see once it was a Transportation center with two train depots. We are over crowded with cars. Something needs to be done to take care of the people and overcrowding before inviting “dream fortune 400 companies” to crowd into the city when there is no room for the people that have business and live here already. I believe Georgia Tech years ago made a proposal for a Transportation center. This area is the hart of Atlanta. If we had arteries of all transportation to East, West, North and South of downtown Atlanta would benefit from improvements and all areas would grow . Over the years Atlanta has torn down building and built new. Costing, i think , more money and loss of people and history .I hope the Transportation Center would be put back on the table.
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