ATLANTA–Georgia State University, along with the Carter, Oakwood Development and Healey Weatherholtz joint venture, finalized the acquisition of the Turner Field site today (Jan. 5) and closed on the property.
Georgia State and Carter have proposed a mix of housing, retail, and athletic and academic space on the 68-acre site, as well as the conversion of the stadium into a new home for Panthers football.
Within the new ownership structure, Georgia State will control 38 acres, including the stadium and the Blue Lot, formerly the Atlanta Fulton County Stadium. The Carter-led joint venture is purchasing 16 acres and ground-leasing an additional 13.