ATLANTA—Mayor Kasim Reed announced today (Aug. 18) the Georgia State University Foundation has finalized its purchase of the Turner Field site from the Atlanta-Fulton County Recreation Authority.
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The foundation and the authority recently signed a purchase and sales agreement for the property. Georgia State University’s plan for redevelopment of the site will now go to the University System of Georgia Board of Regents for review and approval.
“The acquisition of the Turner Field site by Georgia State University requires Board of Regents approval, and we are working closely with the Board on the important next steps of the process,” said Georgia State President Mark P. Becker.
“Georgia State University Foundation’s signing of the purchase and sales agreement with the Atlanta Fulton County Recreation Authority is a key step to allow essential Board review before we can move forward with our development plans for the site. In concert with our partners at Carter, we are focused on pursuing a dynamic development plan that will bring new energy and vitality to this historically significant part of Atlanta.”
The Atlanta Fulton County Recreation Authority passed a resolution in December naming Georgia State and development partners as the preferred bidders for the project. The university has been working with Atlanta-based Carter and Associates since 2014. The plan for the site includes a football stadium, baseball complex and retail, residential and student housing.