Decatur OK's Sales Agreement for Callaway Building
After purchasing from DeKalb County, the city plans to sell the property to a developer who will turn it into a mixed-use development.
The Decatur Urban Redevelopment Authority (made up of city commission members) voted 4-0 Monday night to move ahead with the purchase of the Callaway Building and surrounding property from DeKalb County. The authority voted on the sales agreement. The city plans to sell to Cousins Properties, which would demolish the building and convert the property into a mixed-use development, though that project wouldn't be finished for years. "That will put the property back on the tax rolls, which has been the objective from the beginning," Assistant City Manager Lyn Menne said. Before signing a contract, the city has 90 days to perform due diligence on the Callaway Building and the surrounding five acres. If city buys the property, the county would …
In this Article:
Ralph Ellis
2:18 pm on Wednesday, March 6, 2013
The parking deck stays.   more ›