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Time of India
2 days ago
- Business
- Time of India
Forsyth County makes significant move toward addressing Georgia's lack of NHL team with $3B arena-led project
NHL (via Getty Images) The drive to return NHL hockey to Georgia just took some serious momentum. Forsyth County has formally approved final deals for "The Gathering at South Forsyth," a colossal $3 billion mixed-use complex that is anchored by a proposed NHL-ready arena. Developer Vernon Krause and local authorities are now ready to make their case to the league officially, bringing back professional hockey to the state for the first time since 2011. The Gathering at South Forsyth puts Forsyth County in the running as a serious expansion contender for the NHL By a unanimous vote, the Forsyth County Commission overcame a key hurdle for the years-in-the-making "Gathering at South Forsyth" development—a 102-acre, $3 billion complex which will convert the area into a hub for sports, entertainment, and economic development. At its center is an 18,000-seat arena slated to be home to an eventual NHL franchise. According to Krause Sports and Entertainment CEO Vernon Krause, the arena will only move forward if the National Hockey League awards a new franchise to the county. "This is a monumental period for Forsyth County and passionate hockey fans in the area," said Forsyth County Commission Chairman Alfred John. "The dream of an NHL team in the region is one step closer to being realized." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Forsyth County approves plan for $3B mixed-use development with arena meant to attract NHL team A drawing of The Gathering at South Forsyth, which will include an 18,000-seat NHL-ready arena. Although the NHL has not indicated any near-future expansion, the county is moving ahead of possible competition. "I have a very positive outlook. I believe we're going to land a team," said Forsyth County Commissioner Laura Semanson. "If a team comes to Georgia, it's going to be here in Forsyth County." The project will feature residential communities, hotels, restaurants, retail establishments, and public areas. Strategically situated off Ronald Reagan Boulevard and Union Hill Road—just one mile from Georgia 400—the site is being touted as perfect for both tourists and locals. Taxpayers will not bear the financial burden, Forsyth County officials noted. Instead, the project will be funded by tax allocation districts and proceeds from on-site real estate development. Also read: Justin Carbonneau faces crucial decision ahead of NHL Draft, balancing NCAA opportunities and Junior Hockey ties With approvals now on the books, the spotlight is on NHL decision-makers. Krause and his staff are putting finishing touches on a proposal they believe will revive professional hockey in Georgia. If things go as expected, Forsyth County's arena might be open in time for the 2027 NHL season. Although the puck has not yet dropped on an official franchise, this latest vote draws the dream much closer to life.
Yahoo
21-02-2025
- Business
- Yahoo
Forsyth County gets update on project to lure NHL franchise to Georgia
The Brief Developers are working on finalizing documents to present to the NHL for a potential expansion team in Forsyth County, Georgia, but there is no set timeline for a decision. The proposed development, The Gathering at South Forsyth, includes an 18,000-seat hockey arena and a mixed-use community, fully funded by real estate taxes from the site. The project is located near Ronald Reagan Boulevard and Union Hill Road, and aims to rival Truist Park's The Battery in terms of community integration. Metro Atlanta has previously lost two NHL teams, the Flames and the Thrashers, and the NHL currently has no plans to expand or relocate a team to Atlanta. FORSYTH COUNTY, Ga. - Hockey fans in Georgia may be one step closer to seeing an NHL team in Forsyth County. County officials provided a brief update Thursday morning on plans for The Gathering at Forsyth, a proposed development that would serve as the home for the potential franchise. What we know Developers say they are in the process of finalizing documents to present to the NHL as they continue efforts to secure an expansion team. However, there is no set timeline for when the league might decide on bringing professional hockey back to the Atlanta metro area. The NHL has not had a team in the region since the Atlanta Thrashers relocated to Winnipeg in 2011. What we don't know A definitive timeline for the construction of the project has not been released, and it remains unclear if it would indeed pull enough interest to draw an NHL team back to Georgia for a third time. The backstory This past March, Fulton County commissioners entered into a binding memorandum of understanding with Krause Sports and Entertainment, the developers of the new multi-billion-dollar arena and community, The Gathering at South Forsyth. It would feature an 18,000-seat hockey arena at the center of hotels, homes, and restaurants. Developers on Tuesday night presented their project to the taxpayers. The proposed live-work-play center would be located at Ronald Reagan Boulevard and Union Hill Road, about a mile from Georgia 400. Taxpayers are being promised they will not be paying for a thing. The project would be fully funded by real estate taxes from buildings on the 102-acre site. Dig deeper Metro Atlanta has already had two pro-hockey teams leave the area: the Flames and the Thrashers. The NHL has expressed no plans to expand the league or move a team to Atlanta. However, the developers believe it is the right location and that they feel they may have the right team. What would happen to the project if it didn't land the NHL team? Developer Vernon Krause says he would have to reassess things. Krause would like to open the arena in time for the 2027 NHL season. SEE MORE: Could The Gathering at South Forsyth break Atlanta's NHL curse? 'The Gathering at South Forsyth' gets the green light Developer of The Gathering at South Forsyth disappointed with changes before vote Will a new NHL franchise come to Forsyth County's proposed arena? The Source This article is based on proceedings during a Forsyth County government meeting on Thursday. Previous FOX 5 Atlanta reports were also used with links in the article.
