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The Biz Beat

Power Breakfast: Pete Correll’s new project, Atlanta schools, bank failure, north Ga. real estate, Obama’s speech

5:02 am January 24, 2011, by Henry Unger

Former Georgia-Pacific chief Pete Correll has a new project, AJC staffer Scott Trubey reports.

Correll, a key player in the rehabilitation of Grady Memorial Hospital from critical to stable condition, is part of a coalition of heavy hitters devoted to saving a major undeveloped parcel on St. Simons Island, Trubey writes.

The turnaround of metro Atlanta’s trauma hospital has been no small chore— nor is it finished— and neither is his latest endeavor.

Former U.S. Treasury Secretary Henry Paulson and his wife, Wendy, tapped Correll and his wife, Ada Lee, to help them preserve 600 acres known as Cannon’s Point, Trubey reports.

“It’s a massive expansion of the protected land on St. Simons Island,” said Correll, a native of nearby Brunswick. “This is a once in a lifetime opportunity.”

The property includes the foundational remains of an 18th century plantation home and slave cabins, Trubey reports.

Also in the AJC:

In other media:

- Henry Unger, The Biz Beat

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10 comments Add your comment

Destin Dawg

January 24th, 2011
6:45 am

Wonderful…. Love St. Simons…. hate over development !!!!

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January 24th, 2011
6:47 am

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January 24th, 2011
7:05 am

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Larry

January 24th, 2011
7:06 am

Please tell me, can Obama suggest doing anything without the need to throw more money at it?

Come on folks, let’s oust all career politicians and start electing people–not parties–that have proven and honorable business and economic skills! Who is the guy at Delta that turned them from bankruptcy to their highest 4th quarter profit in history–all in a year or so! That’s what we need in a president–a cutter, slicer and eliminator until fiscal health is restored, followed by fiscal responsibility to keep it this way!

We’re running out of money!

I'ma Billda!

January 24th, 2011
7:15 am

“Developer!” What a sexy name for a bunch of red necks putting sticks and bricks together from the cell phone of a smoke filled pick up truck with deer testicles hanging down from the trailer hitch.

Just look around Atlanta–I think we have more than enough of their development!

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January 24th, 2011
7:18 am

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Steve

January 24th, 2011
8:15 am

I hope that this part of St. Simon’s Island can be preserved. It’s a damn shame that so much of what was once a beautiful, pristine island has devolved into condo block after condo block and more golf courses per capita than any other place I’ve ever seen. I can remember as a kid biking from the village to Fort Frederica and seeing nothing but live oaks and Spanish moss from the airport all the way to the fort, with Wesley Chapel at the midpoint. Enough of the bulldozer’s blade already!!!!!!!

stockguy

January 24th, 2011
10:20 am

read about Ethan Allen stock tip at http://www.hotstockbuys.blogspot.com/

Old South

January 24th, 2011
11:00 am

Why Doesn’t A.D. help with Schools? What is it these old people know that causes them to settle for the barbarism of the black population in the South?

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January 24th, 2011
12:18 pm

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