He spoke of increasing reserves from $7.4 million when he took office in 2010 to $153 million today. He boasted of developments such as Ponce City Market and Buckhead Atlanta. And under his watch, he said, residents agreed last year to increase sales taxes to raise some $2.6 billion for MARTA, the biggest investment in MARTA and transportation in a generation.
“When you’re riding the new MARTA lines and all of the rest, that will be because we went for it,” he said.
But he acknowledged more works needs to be done. Some of his biggest goals have yet to be fulfilled, including the sale of Underground. In an ultimatum earlier this month, Reed said the $34.5 million sale to South Carolina-based WRS Real Estate Investments needed to close by month’s end or he would look elsewhere.
During Monday’s meeting he sounded confident that an agreement could be forged in time, but seemed to indicate flexibility because of the complexity of the deal.
He said he is considering passing development of the Boisfeuillet Jones Atlanta Civic Center to his successor in part because he hopes an agreement can be reached before the end of his term to close the nearby Peachtree-Pine homeless shelter.
“I think that Peachtree-Pine is going to be resolved before I exit office and I don’t believe there will be individuals using that facility,” he said.
In October, Reed scratched negotiations to sell the property to a Texas development group for $30 million. He said closing Peachtree-Pine could increase the property’s value.
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