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  • bbttobe bbttobe Sep 13, 1999 6:34 PM Flag

    where are all

    Atlanta's (outside the perimeter) rapid growth
    over the past 20 years are about to catch up with it.
    The "clean-air act" has basically put a stop to all
    new road construction. The folks (local governments)
    outside the loop are doing their best to stop the growth
    and they have been successful and will continue to be
    so with their new friend (federal government). Most
    of the jobs are inside the loop and my feeling is
    most consumers bank downtown because that is where the
    branch networks are. Atlanta residents have the second
    longest commute time in the US (behind LA) so there is no
    time to do your "hometown banking" unless you go to a
    grocery store, and BB&T has told us that they tried that
    concept in the past and it did not work well for them.
    Alternative delivery systems (PC banking, phone banking,
    etc..) are becoming more popular, but FTU found out that
    folks like dealing with the real thing. The growth is
    coming back downtown (rather inside I-285) because
    people are tired of spending 1-2 hours in a car. RE
    prices are going through the roof.

34.12+1.07(+3.24%)Jun 28 4:02 PMEDT