Aerotropolis_Atlanta

Aerotropolis Atlanta

Aerotropolis Atlanta

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Aerotropolis Atlanta is a planned mixed-use development in Hapeville, Georgia on the site of the former Ford Atlanta Assembly Plant. The site is directly adjacent to Hartsfield-Jackson Atlanta International Airport. The complex is to house offices, retail, and entertainment.

Quick Facts Headquarters, Key people ...

The plant was purchased for over $40 million by Jacoby Development, Inc. in June 2008.[1] Demolition of the plant began in August 2008 and was expected to take one year.

In May 2011 Porsche North America announced plans to spend $80-100 million to move its North American headquarters from Sandy Springs to Aerotropolis Atlanta, including a new office building and test track.[2][3] Porsche will receive about $15 million in economic incentives to do so including a $10 million tax break as Aerotropolis is in an "enterprise zone".[4] In August 2012, Porsche building permit filings with the City of Atlanta revealed more details of the project's ambitious scope and cost. [5]


Initiatives

In addition to the redevelopment in the area, AeroATL is also reinvesting in the community, by focusing on economic,[6] community,[7] and logistical[8] development, with the goal of helping the area prosper.


2024 Leadership Structure

There is an executive committee, made up of prominent community members and investors, as well as a Board of Directors


Investors

AeroATL has taken on several large investors for the project the likes of Delta, Chick-fil-A, Porsche, Georgia Power, and more.

References

  1. [1]
    "Ford sells Hapeville plant site to Jacoby Development". June 12, 2008.
  2. [2]
    Porsche North America HQ to leave Sandy Springs for ex-Ford plant | ajc.com
  3. [3]
    "Mayor Kasim Reed and Governor Nathan Deal Announce Porsche to Build New U.S. Headquarters in Metropolitan Atlanta", City of Atlanta Online Archived June 11, 2011, at the Wayback Machine
  4. [4]
    "Porsche HQ relo draws $15M in incentives", Atlanta Business Chronicle, 2011-05-12
  5. [5]
    "Porsche's new headquarters, test track, costing $466 Million more than expected", What Now Atlanta, 2012-08-10
  6. [6]
    "Economic Development Collective".
  7. [7]
    "Community Development Collective".
  8. [8]
    "Workforce Initiatives - Hospitality".

33°39′2.78″N 84°24′6.60″W
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