Aerotropolis Atlanta

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.

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 their 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]

References

  1. ↑ "Ford sells Hapeville plant site to Jacoby Development". June 12, 2008.
  2. ↑ Porsche North America HQ to leave Sandy Springs for ex-Ford plant | ajc.com
  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. ↑ "Porsche HQ relo draws $15M in incentives", Atlanta Business Chronicle, 2011-05-12
  5. ↑ "Porsche’s new headquarters, test track, costing $466 Million more than expected", What Now Atlanta, 2012-08-10

External links

Coordinates: 33°39′2.78″N 84°24′6.60″W / 33.6507722°N 84.4018333°W / 33.6507722; -84.4018333

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