Those numbers slightly vary from the figures released in Monday’s news release, which announced the project. DRIs are required for gigantic projects that will affect more than just the city or county where the project is located. The filing was made to the Atlanta Regional Commission, which will vet the application and analyze how local infrastructure will be affected.
Vernon Krause, the CEO of Krause Auto Group, is the project’s sole attributed owner. He paid $52 million in August to buy the 101-acre development site, the development team’s spokesperson said.
The development team said the project will be developed in stages, with the arena being the top priority. The arena would take roughly three years to build. The entire Gathering at South Forsyth project is expected to be complete in 2033, according to the DRI.
The site is located along Ronald Reagan Boulevard, McGinnis Ferry Road and Union Hill Road. The development team plans to extend Ronald Reagan Boulevard, widen McGinnis Ferry Road and add a new Ga. 400 interchange.
On April 25, the development team has said it will file a request with the county for an overlay district. The zoning request will first be discussed at the county commission’s 2 p.m. work session that day. Public engagement listening sessions will begin in May.