The city is buying a long-shuttered gas station at 8475 Roswell Road, between Sullivan Road and Hightower Trail, as “land banking” in the hopes of sparking redevelopment.
The $630,000 purchase from Tucker-based Triton Enterprises was approved by City Council on Jan. 5. The station closed 11 years ago and has been on the market many times without a sale, city officials said. There is no specific plan yet for the property, making it the city’s first speculative land-banking purchase, city spokeswoman Sharon Kraun said.
“We’ll be eliminating the biggest eyesore on Roswell Road,” said City Councilman Ken Dishman. Mayor Rusty Paul agreed, saying, “The only way we could make it pretty…is to be able to buy this and do it ourselves.”
Officials said gas tanks already were removed and that the purchase price was $50,000 below the appraised value.