The Brookhaven Development Authority approved June 22 a bond resolution authorizing the issuance of revenue bonds to finance the new Atlanta Hawks/Emory Healthcare training facility at Executive Park.
The deal between the BDA and the Hawks, dubbed “Operation Windmill Dunk” in closed-door executive sessions of the BDA, became public on April 5 during a press conference at Philips Arena.
The Atlanta Hawks announced at that press conference a partnership with Emory Healthcare, Emory University’s medical clinic affiliate, to build a 90,000 square-foot, state-of-the-art practice facility in Executive Park in Brookhaven. That deal includes a $36 million tax abatement from Brookhaven for the Hawks.
The Emory/Hawks partnership is a $50 million deal for the land purchase and building construction with $14 million being covered by Emory Healthcare and the Hawks funding $36 million. Emory University will then provide a ground lease to the Hawks for the practice facility.
In return for the tax abatement, the Hawks will pay the development authority $302,900 a year for 15 years. The deal in turn saves the Hawks $302,900 in taxes.
This is a100 percent tax abatement, Mayor John Ernst explained at the time. Without the abatement, the Hawks would be paying more than $600,000 a year in taxes.
Emory University has purchased approximately 60 acres of property at Executive Park, located in Brookhaven near the North Druid Hills/I-85 interchange, to include this project.
The 90,000-square-foot facility will combine the Hawks’ training facility and Operations Department with Emory sports medicine facilities. Emory will become the team’s official sports medicine provider and gets naming rights to the facility. Emory’s entire Sports Medicine Center will move to the Brookhaven site as well.
Groundbreaking for the facility is Friday, June 24, at 10 a.m. at Executive Park. Hawks and Emory fficials expected to attend the ceremony include: Tony Ressler, Atlanta Hawks owner and board chair; Scott D. Boden, director of The Emory Orthopaedics & Spine Center and Chief Medical Officer of the Emory University Orthopaedics & Spine Hospital; Mike Budenholzer, president of Basketball Operations and head coach of the Atlanta Hawks; and Steve Koonin, CEO of the Atlanta Hawks and Philips Arena.