By Dave Williams – Staff Writer, Atlanta Business Chronicle
Nov 13, 2018
Marietta, Ga.'s Franklin Gateway has received this year's Regional Redevelopment Award from Partnership Gwinnett.
The project, a huge investment in an area desperately in need of revitalization, includes a headquarters and training facility built by Atlanta United and the Franklin Gateway Sports Complex. Other portions of the project still being developed include a second metro-Atlanta IKEA store and a Drive Shack sports entertainment destination that combines golf, dining and games.
Marietta voters approved $68 million in bonds five years ago primarily to help finance revitalization of the Franklin Gateway corridor. About $64 million of those funds went to buy four apartment complexes and one commercial shopping center to set the stage for the new construction.
Since the bonds were passed, property values have more than doubled and police incidents have declined by nearly 40 percent, while new private investment has spurred the creation of more than 2,600 jobs.
"It is an honor for the city to be recognized ... for our ongoing revitalization project along Franklin Gateway," said Daniel Cummings, Marietta's economic development manager. "Our mayor and city council have worked tirelessly to see the area become a hub for job growth and business opportunities."
Partnership Gwinnett makes the annual Regional Redevelopment Award in collaboration with the Council for Quality Growth.