Atlanta Outgoing Mayor Announces Piedmont Park Expansion

In his last act as Atlanta’s mayor, Kasim Reed announced the expansion of Piedmont Park, the city’s emerald green crown jewel. Reed is poised to leave the city on a high note, with Mayor-elect Keisha Lance-Bottoms set to guide the city to new heights.

Job one for Lance-Bottoms is to secure the Amazon deal, which would bring the city a worldclass headquarters for the world’s No. 1 online retailer.

Reed said that the city is in the middle of purchasing five acres at the corner of Piedmont Avenue and Monroe Drive. The  parcel will cost the city $20 million, a low amount considering the rapid pace of real estate appreciation in the area.

Reed said that before the deal is complete, the city will acquire a few more parcels. He has appointed Home Depot Chief Financial Officer Carol B. Tome to chair a committee to raise the remaining $80 million from Atlanta’s philanthropic community, the AJC reports.

AtlantaFi.com Staff: