ATHENS, GA. — Selig Enterprises Inc., an Atlanta-based real estate development firm, has reportedly abandoned its planned $90 million mixed-use development in downtown Athens, according to the Athens Banner-Herald. According to a statement from Selig, the company decided to not develop the property after market analysis and attempts to find funding for the project proved unfavorable. The development, which would have spanned three city blocks, drew criticism from community activists in the fall of 2011 after it was reported it would house a Walmart store. “Over the past two years, we’ve invested a lot of time, energy, and financial resources trying to bring the Foundry at Broad project to fruition,” said Jo Ann Chitty, Selig Enterprise’s senior vice president, in the statement. “It’s bitterly disappointing. It has been a dream of ours to build a project in Athens that the community could be proud of.”
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