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Latest from J. Scott Trubey

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Congressional report slams Equifax for 2017 data breach
 The cyber breach of the credit reporting agency Equifax that exposed the sensitive personal data of 148 million Americans last year was “entirely preventable” and due in part to outdated security systems and an unaccountable corporate management structure, according to a blistering report from congressional investigators. The...

Posted: 7 hours ago

The cyber breach of the credit reporting agency Equifax that exposed the sensitive personal data of 148 million Americans last year was “entirely preventable” and due in part to outdated security systems and an unaccountable corporate management structure, according to a blistering report from congressional investigators. The...
Judge delays court hearing on Gulch project as sides ready for battle
 A Fulton County judge has given the city of Atlanta and opponents of the massive Gulch project until next week to ready their arguments for why public bonds should or should not be issued to help fund the $5 billion development. Fulton County Superior Court Chief Judge Robert McBurney on Monday continued a hearing to “validate&rdquo...

Posted: 9 hours ago

A Fulton County judge has given the city of Atlanta and opponents of the massive Gulch project until next week to ready their arguments for why public bonds should or should not be issued to help fund the $5 billion development. Fulton County Superior Court Chief Judge Robert McBurney on Monday continued a hearing to “validate&rdquo...
APS, Mayor Bottoms clash over school system’s Gulch resolution
 Mayor Keisha Lance Bottoms’ office had a furious response Friday to the Atlanta school board’s vote to restrict further use of school property taxes to pay for future development on the city’s Westside. The board’s 7-2 vote came a month after Atlanta City Council approved a public financing package worth...

Posted: 3 days ago

Mayor Keisha Lance Bottoms’ office had a furious response Friday to the Atlanta school board’s vote to restrict further use of school property taxes to pay for future development on the city’s Westside. The board’s 7-2 vote came a month after Atlanta City Council approved a public financing package worth...
Atlanta stadium authority seeks tighter contracting policy
 The board of the city of Atlanta’s stadium authority, whose portfolio includes State Farm Arena and a handful of other public facilities, voted Friday to develop a tighter policy for when contracts must receive the board’s approval. The move comes about two months after a joint Atlanta Journal-Constitution and Channel 2 Action...

Posted: 3 days ago

The board of the city of Atlanta’s stadium authority, whose portfolio includes State Farm Arena and a handful of other public facilities, voted Friday to develop a tighter policy for when contracts must receive the board’s approval. The move comes about two months after a joint Atlanta Journal-Constitution and Channel 2 Action...
Atlanta school board to meet Friday on Gulch deal 
 The Atlanta school board is considering a resolution that will attempt to restrict further use of school taxes to fund redevelopment on the city's Westside, including the massive Gulch project. The board has called a special meeting at 8 a.m. Friday to vote on a resolution that would require written approval before school property tax...

Posted: 4 days ago

The Atlanta school board is considering a resolution that will attempt to restrict further use of school taxes to fund redevelopment on the city's Westside, including the massive Gulch project. The board has called a special meeting at 8 a.m. Friday to vote on a resolution that would require written approval before school property tax...
School vote would raise questions about Gulch deal
 The Atlanta school board is considering a resolution that will attempt to restrict further use of school taxes to fund redevelopment on the city’s Westside, including the massive Gulch project. The board has called a special meeting at 8 a.m. Friday to vote on a resolution that would require written approval before school property tax...

Posted: 4 days ago

The Atlanta school board is considering a resolution that will attempt to restrict further use of school taxes to fund redevelopment on the city’s Westside, including the massive Gulch project. The board has called a special meeting at 8 a.m. Friday to vote on a resolution that would require written approval before school property tax...
Downtown Atlanta businesses hoping for MLS Cup lift
 Last week’s SEC Championship football game is an annual contest downtown Atlanta’s hotels and restaurants count on each year, and they hope February’s Super Bowl LIII will bring an even bigger boost. But Saturday’s MLS Cup at Mercedes-Benz Stadium between Atlanta United and the Portland Timbers is the surprise soccer...

Posted: 4 days ago

Last week’s SEC Championship football game is an annual contest downtown Atlanta’s hotels and restaurants count on each year, and they hope February’s Super Bowl LIII will bring an even bigger boost. But Saturday’s MLS Cup at Mercedes-Benz Stadium between Atlanta United and the Portland Timbers is the surprise soccer...
Top SEC attorney in Atlanta to step down
 Aaron Lipson, a top attorney at the U.S. Securities and Exchange Commission in Atlanta, is stepping down after 14 years, the agency said Monday. Lipson served most recently as associate regional director for enforcement in Atlanta, and oversaw more than 60 attorneys, accountants and other finance professionals in investigating securities...

Posted: 6 days ago

Aaron Lipson, a top attorney at the U.S. Securities and Exchange Commission in Atlanta, is stepping down after 14 years, the agency said Monday. Lipson served most recently as associate regional director for enforcement in Atlanta, and oversaw more than 60 attorneys, accountants and other finance professionals in investigating securities...
Fulton tax officials often undervalue Atlanta commercial properties
 Just a mile from Atlantic Station, Westside Provisions changed ownership in 2016, and the $128 million sales price reflected its value as one of the city’s premier shopping and dining destinations. Two years later, however, if you examined the Fulton County property appraisers’ determination about the property, known for restaurants...

Posted: 25 days ago

Just a mile from Atlantic Station, Westside Provisions changed ownership in 2016, and the $128 million sales price reflected its value as one of the city’s premier shopping and dining destinations. Two years later, however, if you examined the Fulton County property appraisers’ determination about the property, known for restaurants...
Amazon headquarters decision: It’s not Atlanta
 In the end, Georgia didn’t convince Amazon that Atlanta is the best location for its second headquarters. Or even the second best. The Seattle-based tech giant made it official Tuesday, announcing that it will split its proposed $5 billion HQ2 project into two operations. One will be in New York’s Long Island City in Queens and...

Posted: 27 days ago

In the end, Georgia didn’t convince Amazon that Atlanta is the best location for its second headquarters. Or even the second best. The Seattle-based tech giant made it official Tuesday, announcing that it will split its proposed $5 billion HQ2 project into two operations. One will be in New York’s Long Island City in Queens and...
Maker of off-road motorsports components to open Hall County factory
 A California company that makes high-performance specialty parts for bicycles, motorcycles and off-road vehicles plans to open a new manufacturing facility near Gainesville. Fox Factory Holding Corp. plans to open its new manufacturing plant on a 23-acre site in Hall County and hire 800 people over the next several years, the company said...

4:00 AM Thursday, Nov. 01, 2018

A California company that makes high-performance specialty parts for bicycles, motorcycles and off-road vehicles plans to open a new manufacturing facility near Gainesville. Fox Factory Holding Corp. plans to open its new manufacturing plant on a 23-acre site in Hall County and hire 800 people over the next several years, the company said...
Report: Norfolk Southern won’t move to Atlanta without Gulch deal
 The CEO of Norfolk Southern reportedly said in an interview Wednesday his company won’t move its headquarters to Atlanta if the City Council spikes a development deal for downtown’s Gulch. The ultimatum comes just days before the council is expected to vote Monday on a blockbuster $1.9 billion financing package for the planned...

8:44 PM Wednesday, Oct. 31, 2018

The CEO of Norfolk Southern reportedly said in an interview Wednesday his company won’t move its headquarters to Atlanta if the City Council spikes a development deal for downtown’s Gulch. The ultimatum comes just days before the council is expected to vote Monday on a blockbuster $1.9 billion financing package for the planned...
City Council members grill Atlanta officials over Gulch project
 Atlanta City Council members on Tuesday peppered the city’s negotiating team on the $5 billion Gulch development proposal, with a likely vote looming Monday that could reshape downtown. During a marathon work session at City Hall, council members sought answers about the public commitment of up to $1.9 billion in bonds and reimbursements...

10:13 PM Tuesday, Oct. 30, 2018

Atlanta City Council members on Tuesday peppered the city’s negotiating team on the $5 billion Gulch development proposal, with a likely vote looming Monday that could reshape downtown. During a marathon work session at City Hall, council members sought answers about the public commitment of up to $1.9 billion in bonds and reimbursements...
Synagogue shooting hits home for many in Atlanta’s Jewish community
 Within hours of the shooting deaths of 11 people at a Pittsburgh synagogue, Eric Robbins began hearing from friends and relatives back in his hometown. By Sunday afternoon, he had identified four of the victims as people he knew. There may be more. “It was like a punch in the stomach,” said Robbins, CEO of the Jewish Federation...

10:51 PM Sunday, Oct. 28, 2018

Within hours of the shooting deaths of 11 people at a Pittsburgh synagogue, Eric Robbins began hearing from friends and relatives back in his hometown. By Sunday afternoon, he had identified four of the victims as people he knew. There may be more. “It was like a punch in the stomach,” said Robbins, CEO of the Jewish Federation...
The Atlanta Gulch deal explained: What you need to know about the proposal
 California-based developer CIM Group envisions a mini-city in Atlanta’s Gulch. It’s a project that has the potential to transform downtown. But it’s also a project that comes with a big price tag: up to $5 billion to construct the mixed-use complex, with the developer asking for up to $1.9 billion in public financing...

4:00 AM Sunday, Oct. 28, 2018

California-based developer CIM Group envisions a mini-city in Atlanta’s Gulch. It’s a project that has the potential to transform downtown. But it’s also a project that comes with a big price tag: up to $5 billion to construct the mixed-use complex, with the developer asking for up to $1.9 billion in public financing...
BlackRock to open tech hub in Atlanta with 1,000 jobs
 Investment giant BlackRock, one of the world’s elite financial services and asset management companies, announced plans Thursday to open a new innovation center in Atlanta, where it expects to locate about 1,000 jobs over the next several years. The announcement by New York-based investment firm, which manages more than $6.4 trillion...

9:25 PM Thursday, Oct. 25, 2018

Investment giant BlackRock, one of the world’s elite financial services and asset management companies, announced plans Thursday to open a new innovation center in Atlanta, where it expects to locate about 1,000 jobs over the next several years. The announcement by New York-based investment firm, which manages more than $6.4 trillion...
New bribery charge against key figure in Atlanta corruption probe
 The federal corruption investigation of Atlanta City Hall has reached across state lines and into Jackson, Miss. Federal prosecutors unsealed a new charge this week against Rev. Mitzi Bickers, the Atlanta preacher who was indicted in April on charges that alleged she helped contractors win millions of dollars in city of Atlanta business...

10:00 PM Wednesday, Oct. 24, 2018

The federal corruption investigation of Atlanta City Hall has reached across state lines and into Jackson, Miss. Federal prosecutors unsealed a new charge this week against Rev. Mitzi Bickers, the Atlanta preacher who was indicted in April on charges that alleged she helped contractors win millions of dollars in city of Atlanta business...
Atlanta City Hall releases new deal terms for $5B Gulch project
 Atlanta Mayor Keisha Lance Bottoms’ office on Tuesday released new terms for a proposed public financing package for the $5 billion development of downtown’s Gulch that removes a controversial extension of a special taxing district. The new deal reduces its dependence on bond financing, reducing long-term borrowing costs - including...

5:32 PM Tuesday, Oct. 23, 2018

Atlanta Mayor Keisha Lance Bottoms’ office on Tuesday released new terms for a proposed public financing package for the $5 billion development of downtown’s Gulch that removes a controversial extension of a special taxing district. The new deal reduces its dependence on bond financing, reducing long-term borrowing costs - including...
NCR to buy payment processor JetPay for $184 million
 Atlanta-based NCR, which makes ATMs and checkout systems, on Monday announced a deal to buy a Pennsylvania company that processes payments. NCR said it will buy JetPay for $184 million through existing cash and credit lines, and the deal has been approved by the boards of both companies. NCR said it will add JetPay’s cloud-based payments...

7:17 PM Monday, Oct. 22, 2018

Atlanta-based NCR, which makes ATMs and checkout systems, on Monday announced a deal to buy a Pennsylvania company that processes payments. NCR said it will buy JetPay for $184 million through existing cash and credit lines, and the deal has been approved by the boards of both companies. NCR said it will add JetPay’s cloud-based payments...
Third Atlanta City Council vote on Gulch deal postponed
 Mayor Keisha Lance Bottoms’ office on Friday scrapped a planned City Council vote set for Wednesday on the controversial public financing package for downtown Atlanta’s $5 billion Gulch project, marking at least the third time a vote has been scuttled since September. The reversal comes about 24 hours after the council...

10:15 PM Friday, Oct. 19, 2018

Mayor Keisha Lance Bottoms’ office on Friday scrapped a planned City Council vote set for Wednesday on the controversial public financing package for downtown Atlanta’s $5 billion Gulch project, marking at least the third time a vote has been scuttled since September. The reversal comes about 24 hours after the council...
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