ATLANTA, GA, July 19 – The City of Doraville could need as much as $75 million in tax dollars for roads, bridges and other infrastructure necessities if/when the revitalization project of the Doraville General Motors plant becomes a reality.
The plant, built in 1947, sits atop 160+ acres and developers Integral Group and Macauley + Schmit have the site under contract. GM is reportedly asking $60 million for the property. The deal is expected to close in August and plans are being kept quiet for now.
In May, Doraville Mayor, Donna Pittman said, “We are very excited to be working with a group of developers that support our Livable Communities Initiative (LCI) vision and we look forward to an August closing.” Pittman said in the meantime, there is still much work to be done fine-tuning the details of the agreement.
“From the creation of a tax allocation district to coordination with county and state entities, our long-range goal is to create a livable, mixed-use, transit-oriented development that will be beneficial to Doraville residents and businesses,” Mayor Pittman added.
Potentially including a blend of apartments, stores and office towers the Doraville site could be bigger and more commuter friendly than Atlantic Station.
In September of 2008, the last minivan to be produced at the assembly plant rolled off the line. The 60 year-old plant had produced GM’s various minivans for more than 10 years before the its last product – a Chevrolet Uplander – made its way down the line.
Over the past few years, several developers have taken a shot at purchasing and developing this property, but the deals fizzled out. This time around however, it seems the planets have aligned and the project has a bright future.