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Smyrna council authorizes DDA bond for former Emory hospital site and schedules public input for Baptist church downtown parcel
Summary
Council approved a resolution enabling the Downtown Smyrna Development Authority to issue up to $11.75 million in Series 2025 taxable revenue bonds to acquire the former Emory hospital site; the mayor also announced a public drop-in on April 28 for planning of the 9-acre Smyrna First Baptist Church site downtown.
The Smyrna Mayor and Council on Monday approved a resolution enabling the Downtown Smyrna Development Authority (DDA) to issue Series 2025 federally taxable revenue bonds not to exceed $11,750,000 to purchase and prepare the former Emory Adventist Hospital property on South Cobb Drive.
Mister Bennett, speaking for city staff, told council the Downtown Smyrna Development Authority is under contract with Emory University to buy about 12.72 acres at and around 3903–3949 and 3967 South Cobb Drive; the bond proceeds would be used for purchase, demolition, site development and…
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