An Atlanta suburb has approved a rezoning plan for a mixed-use development that would include a hockey arena and rental housing. However, the rental housing component would be cancelled if the development cannot land a National Hockey League team.
The Atlanta Business Chronicle reports the Alpharetta City Council voted 4-3 to rezone nearly 100 acres for the construction of a 20,000-seat hockey arena and 1,385 apartment units. The development would also include a 4,000-seat music hall and performing arts center, a movie theater, a hotel, a conference center, office and retail properties, and public lands.
Alpharetta’s North Point Mall, which opened in 1993 and is one of the largest shopping malls in the country, would be demolished to accommodate the project.
However, the development is contingent upon securing a new NHL team by Aug. 24, 2031. The NHL has no plans for an expansion team, and Atlanta has not had a team in the NHL since the 2011 when the Thrashers moved to Winnipeg.
Under the approved rezoning plan, the permit for the rental housing will be revoked if the developers do not have an NHL in place by the council-mandated deadline. Any new team would need to pay the NHL an approximately $2 billion expansion fee to join the league.
The development plan is a partnership between New York Life Insurance Co., which owns the mall, and the developer Jamestown.
Photo: Artist’s rendering, courtesy of Jamestown
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