On Nov. 5, Marietta voters approved a $68 million general obligation bond for the urban redevelopment of the Franklin-Gateway area and streetscape improvements on portions of Whitlock Avenue.
On May 8, 2013, Mayor Steve Tumlin and City Council approved a modification to the 2009 amended urban redevelopment plan to include the addition of urban redevelopment projects to the City Center redevelopment area and the Franklin-Gateway redevelopment area.
The bond has two main purposes. One is to finance an approximately $4,000,000 bond for urban redevelopment projects consisting of streetscape improvements in the Whitlock Avenue corridor.
The second is for the financing of an approximately $64,000,000 bond for urban redevelopment projects including the acquisition and demolition of improved property for further redevelopment and right-of-way acquisition and road infrastructure improvements to improve east-west transportation connectivity within the Franklin-Gateway redevelopment area.
The city issued a request for qualifications, which advertised for providing real estate advisor consultant services for the Franklin-Gateway zone to assist city leaders in strategically redeveloping the area. Now that the bond has passed, city leaders will move forward in finalizing the selection of a real estate advisor consultant and begin the process of redeveloping Franklin-Gateway area.
Please visit the link to review a more detailed aerial view of the Franklin-Gateway area.