What happened at Allen Plaza, plus an ARC transportation “wish list” database

18 Apr
W and 12 hotel and residence buildings

An undeveloped parcel of land on Ivan Allen Boulevard sits in the shadow of Allen Plazas W hotel and condominium tower and Novares Twelve Centennial Park

Rachel Tobin wrote a brief but through history of downtown’s troubled Allen Plaza development for Friday’s AJC.

Developer Hal Barry summarized the events leading up to the recent foreclosure of one of the project’s buildings. It’s a story that’s become all too familiar in the last few years:

“We did well and made a lot of money…[a]nd we turned around, as risk-taker developers do, and reinvested a lot of it in operating expenses and project investments. And then the market hits you broadside.”

Also on Friday, the AJC published an overview of the Atlanta Regional Commission’s transportation “wish list,” with a database of all the prospective projects on the region’s list .

Among the items MARTA requested are a variable regional fare system (sometimes referred to as “zone fares”) , on-board security cameras for all buses, trains and paratransit vehicles, an advertising system for the agency’s 10 miles of tunnels and the establishment of a cloud computing system to assist in post-disaster recovery and service continuity.

The 436-item list, with projects totaling about $29 billion, will be pared down first by the GDOT’s planning director, then by the 21 members of the Atlanta Regional Roundtable. Voters in each of the state’s 12 regions will decide during primary elections in 2012 whether to approve a new one percent sales tax to fund their regions’ projects.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: