Governor Proposes $28M Investment in Ft. McPherson Redevelopment
Local officials are viewing the announcement that Georgia Gov. Nathan Deal (R) will include $28 million in the state’s fiscal 2013 budget to invest at the former Fort McPherson as the perfect impetus to accelerate redevelopment of the Atlanta site.
“No one sees the state as the savior for this, but it can provide the bait to bring in people and business,” Rogers Wade, a member of the board of the Fort McPherson Implementing Local Redevelopment Authority, told the Atlanta Journal-Constitution.
The state investment would buy the Reserve Command Building, which has the potential to house about 1,000 employees, and renovate the former U.S. Forces Command building. The reuse plan for the 488-acre post calls for a mixed use developed centered on a science park containing 3.5 million square feet of labs and offices, 1,747 units of residential development and a campus style environment.
The authority now is negotiating the property’s transfer with the Army. Soon the LRA is expected to select a master developer for 100 acres of the site.
“I’d like to see more investment by the state as this goes forward,” said Jack Sprott, the LRA’s executive director. “The intent is for this to be mainly privately developed, but this won’t work if they don’t see strong state and city support.”