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Committee advances update to Gulch redevelopment law, extending bond timeline and tightening eligibility
Summary
House Bill 416 would adjust an existing enterprise-zone-style statute created for Atlanta's Gulch (now Centennial Yards), extending the period tied to bond issuance and closing an eligibility loophole; committee advanced the bill unanimously after developer and sponsor testimony.
House Bill 416, a bill to update the statute created for redevelopment of Atlanta’s former Gulch area (now known as Centennial Yards), was advanced by the committee following testimony from the original legislation’s sponsor and a developer representative about project timing and financing.
The bill’s sponsor told the committee he originally carried legislation to enable redevelopment of the underused downtown tract and said the new bill “is an attempt to address that, really recognize the…
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