Forsyth County leaders formalized negotiations Wednesday that could lead to taxpayers providing nearly $400 million in subsidies to the developer of $2-plus billion hockey arena and mixed-use development, with the caveat that the project lands an NHL expansion franchise.
The county’s board of commissioners voted 4-1 to enter into a non-binding memorandum of understanding with the development team behind The Gathering at South Forsyth, one of metro Atlanta’s largest potential projects. It would also mark yet another request for substantial taxpayer support for a stadium or arena deal in metro Atlanta, following Mercedes-Benz Stadium, Truist Park and the recent renovations to State Farm Arena.
Anson Carter announced that he and the Alpharetta Sports & Entertainment have formally initiated the expansion process for a team to play in the North Point area of Alpharetta.
Carter described Alpharetta Sports and & Entertainment Group as a “hockey-first ownership team.” The ASE Group also is partnering with New York Life, a Fortune 100 company, for a potential mixed-use development at the North Point Mall site.
The proposal includes a state-of-the-art arena, practice facilities and a professional-level outdoor stadium for soccer or lacrosse along with residential and retail space. The group did not disclose any financial information in Tuesday’s release.