Government officials, both city and state, met today to go over plans for the redevelopment of the 487 acre Fort McPherson property, which announced, in 2005, that it was closing in 2011. What these officials came up with was asking the U.S. Army to donate 155 of those acres for a research park.

a scientific research facility on par with the Massachusetts Institute of Technology and the Research Triangle Park

Also announced today were some of the residential plans for the redevelopment project.

The proposal calls for rezoning by Atlanta and a partnership with private developers, the state and East Point to create 150 acres of green space, with 30 acres set aside for a festival and event grounds. The future site may also feature up to 4,600 homes, four million square feet of office space and 400,000 square feet of retail and commercial space.