The Atlanta City Council this week submitted a request to the state legislature asking them to repeal the state’s prohibition on rent controls. Citing rising housing costs, the Atlanta officials hope that allowing for rent control might lead to more affordable housing within city limits. However, 81% of economists agree that rent control is a bad policy, one that decreases stock of rental units, driving the average price up not down, and actually further fuels gentrification rather than limiting it. With a legislature that figures to be very reluctant to institute such a policy, the bid for rent control in Atlanta is SINKING…
Film industry soaring in Savannah
Much has been made recently of the tax breaks given to the film and television industries in Georgia, and whether or not the state is actually coming out on top in that deal. Down in Savannah, though, it’s more good news for the region as the Savannah Regional...Atlanta BeltLine CEO on the future of transit
When Atlanta voters approved a sales tax hike in 2016 to go towards transit expansion, the BeltLine was expected to be a key recipient. After all, the trail as first conceived was meant to be a transit initiative to help Atlantans move around the city without...Hearings get underway after Kemp introduces proposed budget
It is the second week of the Georgia General Assembly and that means budget talks are underway. This year talks could get more intense as lawmakers look for ways to trim the budget and meet the challenge by Governor Brian Kemp to cut spending by 4 percent this...Krystal declares bankruptcy
Krystal, the Atlanta-based burger chain loved by late-night eaters across the Southeast, officially declared Chapter 11 bankruptcy protection in an attempt to restructure and deal with between $50 million and $100 million in outstanding debts. Founded in Chattanooga...
