Tech's plan to purchase the Lockheed land was announced in June 2016 but, no building or financing plans were given at that time.
The Lockheed campus also has 20 acres of undeveloped land that Georgia Tech plans to acquire under a separate deal.
The agenda explains the school’s plans for the property:
“This ownership structure will allow flexibility for future development, such as opportunities for industry partnerships and investment. Over the long term, development of the entire 52-acre campus is expected to accelerate (Georgia Tech’s) research growth in national security, homeland defense, and commercial advanced technology initiatives.”
There's already a Georgia Tech research facility at nearby Dobbins Air Reserve Base with labs for aerospace and electromagnetic research.
Learn more about the project on myAJC.com.
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