The Atlanta City Council this week submitted a request to the state legislature asking them to repeal the state’s prohibition on rent controls. Citing rising housing costs, the Atlanta officials hope that allowing for rent control might lead to more affordable housing within city limits. However, 81% of economists agree that rent control is a bad policy, one that decreases stock of rental units, driving the average price up not down, and actually further fuels gentrification rather than limiting it. With a legislature that figures to be very reluctant to institute such a policy, the bid for rent control in Atlanta is SINKING…
State Farm Arena a box office draw
Downtown Atlanta’s State Farm Arena is quite the box office draw. How big? From October to to March, State Farm brought in $76.2 million across 60 events, making it the third-highest grossing venue in the entire nation, behind only New York’s Madison Square Garden and the Sphere in Las Vegas, and fifth globally. Nearly 600,000 visitors took in performances from superstars ranging from Blake Shelton to Usher, plus Hawks games and events like WWE Raw. State Farm’s status as one of the premier performance venues in the world is RISING…
