Published on March 11th, 2015 |5
BCID studying new Buckhead park over GA 400, MARTA
At the BCID board meeting Feb. 24, these business leaders and the organization’s staff announced a plan to look into the feasibility of developing a new park where there currently isn’t even any land—about 9 acres of air rights above GA 400 and the MARTA rail station.
The BCID board voted unanimously to spend up to $10,000 to research the feasibility of building a park in the area between Lenox (Loop) and Peachtree roads in a prime location in Buckhead’s central business district. They are seeking grass under their feet in the near future.
The money will be used to research air rights for the property, build an economic model and to conduct a preliminary “fatal flaw” analysis to determine whether developing such a park is possible and feasible.
“Where else can you get a 9-acre park on Peachtree Road and next to MARTA,” asked BCID board chairman David Allman. “The location is unquestionably good. It’s a big ticket [item], but it’s a big vision.”
Allman said that a similar park in Dallas has a $3 million cost to it and has some income components.
Board member Robin Loudermilk said, “To buy 9 acres of private land is expensive.” That is why the board hopes to find out who owns the air rights and maybe get them to donate the use of those air rights for the park.
BCID Executive Director Jim Durrett had asked the board to authorize a budget of $49,500 for a study “fatal flaw” study of the concept, indicating he had already broached the idea with the Georgia Department of Transportation and MARTA.
But BCID board Vice Chairman John Lundeen suggested rather that the board authorize $10,000 to first determine who has title to the air rights, which might actually include one or companies of the present BCID board members.
Both Allman and board member Charles Ackerman own properties on both sides of GA 400 and may have owned the property that created GA 400 and the MARTA rail route.
In the end, Lundeen offered a motion to spend the initial $10,000 to do the title search and initial study of feasibility. The board passed that motion.