The company has agreed to pay $1 million a month starting in 2020, with rent payments increasing by 2.5 percent a year. CSX will also pay 50 percent of revenue from any subleases and third-party agreements.
In a written statement, State Rep. Teri Anulewicz praised the contract’s economic impact and the implications for extending Cobb’s greenways and transit options.
“This is the critical first step in connecting the Comet and the Beltline,” she wrote. “I think it is very good to have all options, including passenger rail, on the table as we move transit and mobility discussions forward in Cobb, and in the region.”