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Fort McPherson’s $600M metamorphosis is moving forward, thanks in part to Gulch deal

Tyler Perry’s section of the project is nearing completion, but that could be just the start

 

A rendering shows the northeastern corner of Fort Mac facing downtown.Renderings courtesy of Fort Mac LRA

A controversial deal approved by the Atlanta City Council in Novemberthat moved the massive Gulch redevelopment project closer to fruition is promising to impact far more than downtown and neighboring communities.

The way the agreement is structured extends the Atlanta Public Schools system into the Campbellton Road Tax Allocation District, which, according to developers of Fort McPherson, paves the way for the former military base’s overhaul to secure financing.

Fort McPherson, now called “Fort Mac” by developers, an almost 500-acre swath between the Oakland City and Lakewood/Fort McPherson MARTA stations lining Campbellton Road, is poised for rebirth on a scale that Southwest Atlanta neighborhoods haven’t seen.

The Fort Mac Local Redevelopment Authority, a government agency formed by the State of Georgia to oversee the revamp of 145 acres of Fort McPherson—the land that film mogul Tyler Perry doesn’t own—is now able to claim funding from the TAD. That will allow developers to woo public capital for the project, officials say.

“We applaud Councilmember Joyce Sheperd for her relentless advocacy during the Gulch deal discussions to make this happen,” Fort Mac LRA executive director Brian Hooker told Curbed Atlanta.

Although the project is still in its planning phase—it just passed a Development of Regional Impact review—Hooker said it could cost upwards of $600 million and bring restaurants, retail, and more than 2,000 housing units.

Read the complete article here.

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