One of the most important figures in media in modern history – Ted Turner passed away on Wednesday. Turner revolutionized cable news when he founded CNN in 1980, and expanded his media holdings with the “Superstation” WTBS, professional wrestling’s WCW, and under his watch the Atlanta Braves became one of the biggest brands in American sports. A legendary philanthropist, he was for a time the largest private landowner in the U.S., and almost singlehandedly revitalized the country’s bison population (which helped in his founding of Ted’s Montana Grill with longtime business colleague George McKerrow). Turner’s enormous legacy, which got its start in Atlanta, is RISING…
Atlanta, Fulton Co. square off in tax fight
The City of Atlanta has long used tax allocation districts (TADs) as an economic development tool, leveraging property tax increases to pay for local infrastructure projects. But the Fulton County Commission has slammed on the brakes, voting 4-1 to reject a proposed 30-year extension of Atlanta’s TADs. That sets up a major budgetary clash, as the Fulton TADs would be expected to generate over a billion dollars over that period. Now the county will vote on TADs on a case by case basis, with stricter oversight and enforcement, leaving Atlanta’s money faucet DRIFTING…
