Posted Sep 14, 2018, 3:17 PM
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Join Date: Feb 2005
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Clock ticking on $100 million land deal driving Gulch project
https://webcache.googleusercontent.c...&ct=clnk&gl=us
Quote:
Norfolk Southern Corp. is once again emerging as a key driver in a potentially historic deal to redevelop downtown Atlanta’s “Gulch.”
In a presentation before city economic development officials, the railroad giant was said part of negotiations for a more than $100 million sale of Gulch property to Los Angeles-based CIM Group, which is pitching an up-to $5 billion redevelopment of the old downtown rail yard where trains from across the South once converged.
Norfolk Southern is “driving the schedule,” Dickerson said in a meeting with Invest Atlanta, the city’s economic development arm. The railroad company is likely aiming to complete the transaction by the end of September and ahead of third quarter earnings, he said.
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Last edited by smArTaLlone; Sep 14, 2018 at 3:36 PM.
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