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...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...Local church erases medical debt
Another fine act of charity from a local church – New Birth Missionary Baptist Church in DeKalb erased more than $1 million in medical debt for some 1,200 Lithonia and Stonecrest residents. The generous donation comes following Atlanta Hawks star Trae Young...Poll shows support for gaming
A recent poll from the AJC shows that 64% of Georgians support the idea of casino gaming being legalized in the state, while 57% support the legalization of sports betting. Both are very good signs for supporters of the proposals, who hope to pass bills sending the...Kemp honors Isakson
Former U.S. Sen. Johnny Isakson was in attendance at Gov. Brian Kemp’s annual State of the State address Thursday, and his legacy was honored in a means that will go far beyond any plaque or building name. Kemp announced a new research program at the University...
