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Change is coming This time it s real: What plans for an Atlanta mall say about U S retail

Change is coming This time it s real: What plans for an Atlanta mall say about U S retail
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Gwinnett Officials Study Turning Mall Into Transit Hub

Mostly vacant Gwinnett Place Mall may be turned into a hub for a new bus rapid transit system. The idea is the latest attempt to revitalize the Duluth-area mall, which flourished in the early ’90s but has been in steep decline for over a decade. A study of possibly converting it into a transit station is funded with a $220,000 grant from the Atlanta Regional Commission (ARC). Gwinnett Place Community Improvement District (CID) is leading the study. It’s working with county commissioners and residents on concepts to redevelop the mall.

Gwinnett County Commissioners approved bonds issues for Gwinnett Place Mall purchase

Georgia Asian Times March 3, 2021 Lawrenceville, March 2, 2021 – After Gwinnett County Government’s rare Triple AAA/Aaa bond rating was reaffirmed, the Board of Commissioners on Tuesday gave final approval for the issuance of $23.5 million in bonds to buy 39 acres of Gwinnett Place Mall as part of a major initiative to redevelop one of the key economic engines of the county. The solid bond rating, reaffirmed in February by the three major rating firms, assures investors the 20-year revenue bonds are sound, and enables the county to issue debt at a favorable interest rate. The purchase is part of an effort by the County government, the Gwinnett Place Community Improvement District and local property owners to create new opportunities to serve as a catalyst for redevelopment in the area.

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