Mayor Kasim Reed’s 73rd CAP meeting includes selling Underground Altanta

By Terry Shropshire
May 03, 2014
12:56 pm

Atlanta Mayor Kasim Reed named multiple major alterations, additions and renovations to the Central Atlanta corridor during the 73rd annual Central Atlanta Progress (CAP) address at the Georgia World Congress Center.

The meeting inside the Sydney Marcus Auditorium, which attracted over 1100 people, included the following announcements:

The relocation of the College Football Hall of Fame from South Bend, Ind., home of University of Notre Dame, to downtown Atlanta;
The soon-to-be opening of the National Center for Civil and Human Rights in Atlanta;
Coca-Cola’s decision to relocate 2000 IT employees into the city;
The relocation of 750 city employees into the vacant building that used to house the Atlanta Journal-Constitution newspaper employees. AJC parent company Cox Enterprises donated the cavernous building to the city after the AJC moved most of its news operations to a building near Perimeter Mall in 2010;
The city envisions a redevelopment similar to the new Ponce City Market, the $200 million-plus re-imagining of City Hall East.
Reed received his loudest ovation from the overflowing crowd when he announced the city’s effort to begin the process to take full control of the struggling Underground Atlanta complex, with a goal of selling it to a new developer

Mayor Reed said Underground will become “a vibrant center of commerce” in downtown.