The LRA for the former Fort McPherson will need to satisfy several concerns from the Army and the Department of Housing and Urban Development before its sale of about two-thirds of the post to filmmaker Tyler Perry for a movie and television production campus can be realized.
Before the Army approves the sale of 330 acres of the site located on the southwest edge of Atlanta, the McPherson Implementing Local Redevelopment Authority will need to:
- demonstrate in its application for an economic development conveyance how Perry’s studio satisfies requirements that the installation will be converted to a use that creates jobs;
- update an existing environmental impact statement to reflect the property’s conversion to a film studio, rather than to a bio-science research center or office use; and
- update its plan to accommodate the homeless as required by the McKinney Act since the studio deal could affect a plan previously reviewed by HUD.
“We have a lot of details to get this to home base,” said LRA Chair Felker Ward, according to the Saporta Report. At the authority’s public meeting last week, Ward underscored that the deal is only tentative.
“We have a memorandum of understanding and an MOU is just that — an unbinding memorandum that will be followed by a purchase and sale agreement, which will be underway immediately, and hopefully have it done in a couple of weeks. And that will be the document that will control, and come back to the board before the signing of the agreement,” Ward said.
The authority recently hired a development consultant to help close the deal with the Army by Oct. 15, according to the story. On Friday, the LRA approved selling the property to Tyler for $30 million to build up to 16 sound stages.