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The land, which sits on Presidential Parkway, off Chamblee-Tucker Road, could be useful even without the tower, built in 1973. But Jester said the estimate she heard for tearing it down was $2 million, because of the unusual construction. Last she heard, the land was worth about $500,000.
Jester said she needs to go through Peacock Partnership’s proposals in full, but she suspects she’ll support it.
“Given what I know, I said this is a good fit,” she told The Atlanta Journal-Constitution. “And it’s a good catalyst to start redeveloping (the area).”
It isn’t yet clear when construction would start if the plans are approved. Steve Farrier, chief financial officer with Peacock Partnership, which is under contract to buy the property, said the company would like to get to work as soon as possible.
“It’s a great location with a lot of visibility,” he said. “Hopefully we’ll get there.”
FLASHBACK PHOTOS | Spaghetti Junction through the years
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In other news:
The U.S. Marshals Service is searching for Estefania Roman-Aguilar, Crime Stoppers Greater Atlanta said. Roman-Aguilar allegedly told police she suffocated her baby to death with a pillow. She is charged with malice murder, felony murder and cruelty to children. Crime stoppers said authorities believe she is hiding "somewhere in the southeast." She may be with her father, Jose Hilario-Gomez, who is wanted in DeKalb County on an armed robbery charge.