NORFOLK, Va. (WAVY) — Earlier this month, 10 On Your Side learned Norfolk Southern is considering a move to Atlanta.
Atlanta City Council discussed their project and incentive package, but did not vote.
This all started with an idea to redevelop an area in Atlanta called “the Gulch.” That area includes land owned by Norfolk Southern and that land is key to the developer’s plan. If Norfolk Southern sells that land, it would get quite a bit of money that could be used to create a new headquarters in Atlanta.
The mayor of Atlanta is expected to present new amendments to a proposed public financing package that would help fund the multi-billion dollar project.
Supporters say the deal is good for economic opportunity and affordable housing in the city. Opponents, known as “Red Light the Gulch,” say the deal doesn’t make sense and want residents to have more input into the deal.
Norfolk Southern has corporate obligations here until 2026, according to Norfolk Mayor Kenny Alexander.
Norfolk Southern says it’s in the process of developing its next long-range plan. That does include the possibility of consolidating headquarters into a single location.