ATLANTA, Ga. (WAVY) — City council members in Atlanta plan to vote Monday on a development that could attract Norfolk Southern to the city.
NBC affiliate WXIA-TV in Atlanta reports council is expected to vote on whether to develop an area in downtown Atlanta known as “The Gulch.”
The Norfolk-based company has owned part of that land for decades.California-based developer CIM has proposed a multi-billion dollar development for the Gulch.
If Norfolk Southern sells the land it owns, the money could be used to create a new headquarters in Atlanta. The company says it is in the process of developing a long-range plan that includes the possibility of consolidating headquarters at one location.
Norfolk Southern CEO Jim Squires told the Atlanta Business Chronicle the company’s headquarters will stay in Norfolk if Atlanta’s leaders turn down the Gulch development deal.
The plan needs approval from eight council members to pass.
Norfolk Southern operates a network of 19,500 miles of rail lines in 22 states and Washington, D.C.