DeKalb County May Pay $66,000 An Acre For Greenspace

DeKalb County Board of Commissioners is considering paying $66,000 per acre to perserve  as greenspace a 92-acre stretch along the South River in Southeast DeKalb near Stonecrest Mall.  The proposed $6 million deal has been criticized because the developer-owner of the property only paid $22,000 per acre only two years ago.  The money to purchase the property would come from the proceeds of bonds that were sold to buy and improve green space. Voters in DeKalb approved the bond programs in 2001 and 2006.

UPDATE:  The Commissioners delayed a vote on the greenspace acquisition until mid-October.


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