Turner Stadium Redevelopment

In 2005, the Atlanta Development Authority commissioned a study entitled Analysis of Incentives to Encourage Investment in Underserved Areas. The Turner Field Stadium Neighborhoods were identified as one of the six priority areas of the City (that have historically suffered from disinvestment) designated by the study for concentrated economic development focus.

The vision is to create a major financial incentive that would support creation of an effective public-private partnership to facilitate the resurgence of the area closest to I-75 and Turner Field by encouraging new substantial private investment. The specific opportunity is to use TAD proceeds to fund the construction of public parking decks on land owned by the Atlanta-Fulton County Recreation Authority. This will replace the surface parking lots allowing this land to be redeveloped into a vibrant mixed-use neighborhood. The Stadium Neighborhoods TAD would establish the framework for new redevelopment opportunities and investment and provide an important economic incentive to enhance the market competitiveness of the greater Stadium Neighborhoods area. Supported by EB-5 equity, the Stadium Neighborhoods TAD would spur private redevelopment activity in the area primarily along Georgia Avenue/Ralph David Abernathy and Hank Aaron Drive/Capitol Avenue, home of Turner Field, in much the same way existing TADs have attracted projects and promoted significant growth and redevelopment in other parts of the City. The proposed EB-5 investment and TAD incentives will allow this key area just south of the Central Business District to compete aggressively for new development opportunities that might otherwise locate outside of the City.

The TAD area consists of approximately 361 acres with 623 individual parcels located in the areas around Turner Field. The Stadium Neighborhoods TAD is roughly bounded by I-20 to the north, Pryor Street to the west, Ormond Street to the south and Connally Street to the east, with some exceptions to exclude new home development. The specific boundaries of the TAD are shown on the accompanying map. I-75 bisects the district, providing a direct connection to Downtown Atlanta to the north and Hartsfield Jackson International Airport to the south. The major thoroughfares in the TAD area include Georgia Avenue and Hank Aaron Drive.

The proposed redevelopment plan will offer a mix of residential, retail, office, and hotel developments and is detailed in a subsequent section of the Plan. Total development within the TAD will contain over 3,600 new residential units and more than 860,000 square feet of new commercial development, chiefly office, retail, and hotel development. With the support of EB-5 funding, the Stadium Neighborhoods TAD could stimulate redevelopment throughout all four adjoining neighborhoods including Summerhill, Mechanicsville, Peoplestown and Pittsburg.