Boom Goes Bust in Exurbs
(AJC) — Jefferson — The boom died here.
Fifty miles northeast of Atlanta, the housing-fueled growth that epitomizes the region comes to an abrupt halt in a weed-choked lot just south of Jefferson. It’s supposed to be a shopping center.
“Everybody was making a lot of money, and there seemed to be an endless appetite for everything we were doing,” said developer and banker John Buchanan, who has built more than a dozen subdivisions in Jackson County. “But then the recession came along and brought everybody to their knees.”
