After nearly seven hours of public comment, the Atlanta City Council voted 8 to 6 in favor of a deal to redevelop The Gulch project in Downtown just before midnight on Monday, Nov. 5.
Voting “yes” for the project were Council members Bond, Boone, Overstreet, Winslow, Matzigkeit, Sheperd, Smith and Hillis. Voting “no” were Council members Farokhi, Ide, Westmoreland, Shook, Dickens and Archibong.
Mayor Keisha Lance Bottoms appeared in the council chambers just after the vote to thank the body for a “monumental win” for the city. Los Angeles-based CIM Group will build a $5 billion mixed-used development of offices, hotels, retail and homes on the 40-acre warren of parking lots and railroad tracks adjacent to Mercedes Benz Stadium.
The redevelopment deal will require $1.9 billion in public subsidy, which grew loud condemnation from many residents over the months of hearings and meetings. While the city promoted “Greenlight the Gulch,” opponents started a “Redlight the Gulch” campaign.
Councilmember J.P. Matzigkeit praised the deal and said it was the “best shot Atlanta has had in the past 50 years to revitalize The Gulch and Downtown. The rewards outweigh the risk.”