Georgia Tech is trying to move forward with the creation of a 60-acre mixed-use district south of the school's main campus. To jumpstart the $500 million project, Tech is seeking $100,000 from the city of Atlanta to conduct a feasibility study about the transformation, which could include 11 acres currently known as Enterprise Park, land owned by the Atlanta Housing Authority and even parking lots adjacent to the Georgia World Congress Center (i.e., where the Falcons' new roost did not happen). The Atlanta Business Chronicle reports the redevelopment could not only benefit the school, but could also help usher in the long-stalled rejuvenation of neighborhoods abutting Mercedes-Benz Stadium.
Riding on the success of Technology Square across The Connector, Georgia Tech hopes to spawn a neighborhood resurgence and provide enhanced lab and research space. So far, Tech has been awarded more than $460,000 in federal grants to study the development; but true to nerdy Tech form, there's no limit to the studying. According to the ABC, the $100,000 from Invest Atlanta would allow for an even more exhaustive examination.
· Georgia Tech seeks city dollars to move forward with $500 million mixed-use project [Atlanta Business Chronicle]
· In Shadow of Stadiums, Neighborhood Pines for Investment [Curbed Atlanta]