Report: City Purchases Underground Atlanta
Tuesday, May 13th, 2014
It’s official: the city of Atlanta now owns Underground Atlanta. According to a report in the Atlanta Business Chronicle, the city bought out the remainder of an 88-year lease with the project’s operating partner Dan O’Leary for $8.8 million.
The official owner is the Downtown Development Authority, but the city doesn’t plan to hold onto the property for long. It’s already shopping for a buyer to transform the collection of shops and restaurants into a true destination for Atlantans and visitors. There have been previous proposals to turn Underground into a gambling casino, a museum or an arts district.
