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Newnan council transfers 57 East Broad Street to Downtown Development Authority for mixed-use redevelopment
Summary
The City of Newnan approved an intergovernmental agreement transferring 57 East Broad Street to the Downtown Development Authority to enable a mixed-use redevelopment including retail, offices, residential lofts and a 125‑room Marriott hotel; the council voted unanimously after executive session.
The City of Newnan on July 22 voted unanimously to transfer authority for 57 East Broad Street to the Newnan Downtown Development Authority to allow redevelopment of the city‑owned property. The transfer was approved by the city council after an executive session and formal vote. The Downtown Development Authority (DDA) will finalize purchase and sale agreements with Caldwell Development…
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