March 7, 2016 Atlanta: The Atlanta Hawks are looking to redevelop the area surrounding Philips Arena into a mixed-use entertainment district. The Gulch, shown here Monday afternoon March 7, 2016, is one area that could be used for the project. Ben Gray / bgray@ajc.com

Hawks, partners in talks for land near Philips Arena

Word of land negotiations, said to be advanced but not yet final, come just days after the Atlanta City Council approved a major piece of public financing to overhaul Philips Arena. On Monday, the council approved a new rental car tax agreement with the city of College Park with part of the proceeds going to a nearly $200 million renovation of the downtown arena.

November 1, 2016 Rendering of the planned interior renovations of Philips Arena provided by the Atlanta Hawks. The Atlanta Hawks Basketball Club and the City of Atlanta plan a $192.5 million renovation of Philips Arena.
Photo: The Atlanta Journal-Constitution

Little is known about the property discussions and representatives for Mayor Kasim Reed and the Hawks declined to comment. But the Hawks are said to have interest in a mixed-use development similar to the Braves’ project at the new SunTrust Park.

After the council voted to approve a rental car agreement with College Park, Reed said “in the next 10 to 15 days we should be coming forward with a proposal for an additional billion dollars in investment as a result of the decision you all made today.”

Atlanta Hawks lead owner Tony Ressler and Atlanta Mayor Kasim Reed applaude the Hawks during a playoff game in April. Curtis Compton/ccompton@ajc.com
Photo: The Atlanta Journal-Constitution

It was unclear if that was a direct reference to the Hawks.

In November, when Reed and the Hawks announced an agreement in principle on a stadium renovation and lease extension deal, Mayor Kasim Reed and Hawks lead owner Tony Ressler said the project could help fuel revitalization of the Gulch area.

Subscribers get access to more. Click here to read more about the Hawks’ interest in a potential mixed-use development outside Philips Arena.

Support real journalism. Support local journalism. Subscribe to The Atlanta Journal-Constitution today. See offers.

Your subscription to the Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism.

X