By: E&P Staff
Press release from issuing company.
ATLANTA (November 9, 2010) – Cox Enterprises, Inc. today announced the company is donating The Atlanta Journal-Constitution‘s (AJC) former downtown headquarters to the City of Atlanta. The building, located at 72 Marietta Street, sits on a six-acre parcel of land in the heart of downtown, which is valued at approximately $50 million.
“We’re thrilled to accept this generous gift from Cox Enterprises,” said Atlanta Mayor Kasim Reed. “The former AJC property occupies a unique location in the heart of downtown Atlanta, near City Hall, Centennial Olympic Park, and the proposed multi-modal passenger terminal.”
Mayor Reed added: “It is an ideal location for consolidated office space for the City of Atlanta and public safety training academies, and it will help save the City money by reducing our current expenditures on building leases.”
The City’s proposed plans for the location include:
• Consolidated office space
• Fire and police officers’ training
• Multi-use auditorium for public gatherings
• Gallery space for public art exhibitions formerly at City Hall East
• Warehouse and parking space
As one of Atlanta’s largest employers, Cox Enterprises is committed to the growth of the City. The downtown land is a strategic site for the City and State’s long-term transportation plan. Cox encourages use of alternative transportation and eco-friendly behavior through Cox Conserves, the company’s national sustainability program.
“Through our local media properties, the history of Metro Atlanta and Cox Enterprises are inextricably linked,” said Jim Kennedy, chairman of Cox Enterprises. “For almost 150 years, our companies have covered the events that helped shape our city, from Reconstruction through the Civil Rights era and beyond, and we will continue to do so.”
While headquartered at 72 Marietta Street, the AJC covered monumental events in Atlanta’s history such as Hank Aaron’s record-breaking homerun, Maynard Jackson’s inauguration as the city’s first African- American mayor and the Centennial Olympic Games.
Earlier this year, the AJC completed its move to 223 Perimeter Center Parkway, which provides scalability to meet the company’s current needs and future growth. Following the company’s print productions moving to Gwinnett, the AJC occupied less than 30 percent of its former facility at 72 Marietta Street.
In Atlanta, Cox Enterprises owns and operates The Atlanta Journal-Constitution, Mundo Hispánico, Padres & Hijos, WSB-TV Channel 2, News/Talk AM 750 and 95.5 FM WSB, Kiss 104.1, B98.5 FM, 97.1 The River and Kudzu.com. The company’s major subsidiaries – Cox Communications, Manheim, Cox Media Group and AutoTrader.com – are all headquartered in Atlanta.
About Cox Enterprises
Cox Enterprises is a leading communications, media and automotive services company. With revenues of nearly $15 billion and more than 66,000 employees, the company’s major operating subsidiaries include Cox Communications, Inc. (cable television distribution, telephone, high-speed Internet access, commercial telecommunications and advertising solutions); Manheim, Inc. (vehicle auctions, repair and certification services and web-based technology products); Cox Media Group, Inc. (television stations, digital media, newspapers, advertising sales rep firms, Valpak and Cox Radio, Inc.); and AutoTrader.com (online automotive advertising and related publications). Additionally, Cox’s Internet operations include Kudzu.com and Adify Corporation, a unit of Cox TMI, Inc.