Georgia Tech wants financing for a $63M campus in Cobb (Marietta: 2013, lease)

[Airforceguy]

Officials with the University System of Georgia are set to vote Tuesday on a $63 million proposal by Georgia Tech to build a new campus in Cobb County.

According to the Board of Regents agenda, Tech wants a lease-revenue bond package to acquire and renovate 32 acres of a Marietta facility owned by aerospace giant Lockheed Martin.

The renovations would include 755,000 square feet of office and warehouse space in four buildings, which previously housed operations for the F-22 Raptor fighter jet program that finished in 2013.

Georgia Tech wants financing for a $63M Lockheed campus in Cobb

[arjay57]

I am inclined to think this is a good idea. It should give Tech some great options to up its game in aerospace.

[ATLTJL]

I agree.

And access to university resources might help prevent any future thoughts Lockheed could have about closing its presence here.

When we talk about bringing companies and jobs to Georgia (or keeping them here), all companies aren't equal. Lockheed is a good company that has good paying jobs. They certainly aren't bringing 500 call center jobs to Georgia!

[red92s]

Dovetails nicely with the existing presence of GTRI in the area.

[krogerDisco]

Might have saved all concerned some money if they merged Southern Poly with GT instead of Kennesaw State.

[aries4118]

Originally Posted by krogerDisco

Might have saved all concerned some money if they merged Southern Poly with GT instead of Kennesaw State.

I thought you always said Southern Poly should've merged with Georgia State?

[krogerDisco]

Originally Posted by aries4118

I thought you always said Southern Poly should've merged with Georgia State?

Given GT's desire to expand into Cobb. That changes things.