On Thursday, the board of Invest Atlanta, the city’s economic development agency, voted to authorize the agency to work out details of $30 million deal with a Texas developer.
Weingarten Realty Investors has proposed to develop the Civic Center into a $298 million mixed-use development with 386 apartments, 20 townhomes, a grocery store and 250 condominiums, retail and office spaces.
In June 2014, the Atlanta City Council authorized the sale of the venue, after a city analysis found the center was a financial drain to the city.
The site was built in 1967 and has been primarily used as an arts and theater venue.
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