Anchored by downtown attractions Mercedes-Benz Stadium and State Farm Arena, Centennial Yards is expected to eventually create more than a dozen city blocks in the Gulch. That's the sunken mishmash of parking lots and railroad property that’s long been a civic canker sore and magnet for grandiose redevelopment ideas that went nowhere.
As new renderings suggest, Centennial Yards is envisioned as an architecturally varied mix of retail, apartments, offices, and hotel rooms. It’ll all be backed by a nearly $2 billion tax-incentive package—the largest in Atlanta history and subject of a lawsuit. (In June, the Georgia Supreme Court voted unanimously in favor of $1.25 billion in bonds that CIM says it needs to build Centennial Yards, clearing the way for the Southeast’s biggest planned development.)