6 ms·

From what I’ve heard, there’s a bunch of mostly unused land south of the football stadium that has been slowly being bought up over the last year or so. Obvious

From what I’ve heard, there’s a bunch of mostly unused land south of the football stadium that has been slowly being bought up over the last year or so. Obvious speculation is that it’s either Amazon or someone betting that Amazon will want to buy a big chunk of land near downtown...

echelon 9y ago
The "Gulch": http://www.myajc.com/business/new-filings-for-huge-project-atlanta-gulch-possible-amazon-site/oKsh5igs5r8cNkfCkVF9CL/ http://www.myajc.com/business/new-filings-for-huge-project-a... http://atlantaintownpaper.com/2017/11/gulch-become-amazons-new-headquarters/ http://atlantaintownpaper.com/2017/11/gulch-become-amazons-n...
paxy 9y ago
Would be a pretty big slap in the face for all other "contestants" if it turns out that Amazon intended to move to Atlanta all along and this whole thing was only for publicity and leverage.
- elif 9y ago
  The thing about real estate on that scale is, to not get ripped off you have to time it carefully. It probably would cost amazon less to buy 10 potential properties and resell 9 of them, than to announce their intentions and then attempt to buy their chosen property. In Atlanta, we already learned that lesson by announcing the BeltLine (mixed use alternative transit development corridor around the city) before acquiring any of the land. A decade later, after court battles involving the city purchasing land via the Board of Education in order to prevent further price gouging, we still don't have all the land needed, and only ~10% of the project is completed.
- midnitewarrior 9y ago
  20 "finalists" are there to make the legitimate candidates become hyper-competitive. It's the way to extract the most incentives from the levels of government involved.
- bootlooped 9y ago
  Maybe the lesson there is that cities should not prostrate themselves every time a big corporation says they might create create some jobs there.
smileysteve 9y ago
There are a few other places if the Gulch for some reason fails; each with many more problems (but likely more room to expand) - Westside (superfund site from concrete operations) - Jail/Aarons Amp - Union city area.

echelon 9y ago

The "Gulch": http://www.myajc.com/business/new-filings-for-huge-project-atlanta-gulch-possible-amazon-site/oKsh5igs5r8cNkfCkVF9CL/ http://www.myajc.com/business/new-filings-for-huge-project-a... http://atlantaintownpaper.com/2017/11/gulch-become-amazons-new-headquarters/ http://atlantaintownpaper.com/2017/11/gulch-become-amazons-n...

paxy 9y ago

Would be a pretty big slap in the face for all other "contestants" if it turns out that Amazon intended to move to Atlanta all along and this whole thing was only for publicity and leverage.

elif 9y ago
The thing about real estate on that scale is, to not get ripped off you have to time it carefully. It probably would cost amazon less to buy 10 potential properties and resell 9 of them, than to announce their intentions and then attempt to buy their chosen property. In Atlanta, we already learned that lesson by announcing the BeltLine (mixed use alternative transit development corridor around the city) before acquiring any of the land. A decade later, after court battles involving the city purchasing land via the Board of Education in order to prevent further price gouging, we still don't have all the land needed, and only ~10% of the project is completed.
midnitewarrior 9y ago
20 "finalists" are there to make the legitimate candidates become hyper-competitive. It's the way to extract the most incentives from the levels of government involved.
bootlooped 9y ago
Maybe the lesson there is that cities should not prostrate themselves every time a big corporation says they might create create some jobs there.

smileysteve 9y ago

There are a few other places if the Gulch for some reason fails; each with many more problems (but likely more room to expand) - Westside (superfund site from concrete operations) - Jail/Aarons Amp - Union city area.