The Atlanta Constitution from Atlanta, Georgia • 69

"3 FRIDAY, AUQ. 24, 2001 DILBERT F2 CLASSIFIEDS F10 WEATHER F12 DAILY SUMMARY Thursday's results jp-m Dow Jones SAP 500 10,229.15 0 1,162.09 Nasdaq 10-year T-bond 0 1,842.97 COMPLETE INVESTING REPORT, F5-9 INSIDE TODAY Worfpack members are assured they won't lose their photo discounts in Wolf Camera's sale. F3 Lucent Technologies expects a lower loss this quarter and a profit next year. F3 EVERY WEEK Monday: Deals and Trends in Horizon Tuesday, Thursday, alternate Mondays In Horizon: Maria Saporta Wednesday: Atlanta Tech Friday: Atlanta Real Estate Alternate Saturdays: Retailing and MarketingAdvertising THE WEB TODAY Get breaking local and national business news and check your stocks at www.ajc.combuslness. Also, sign up at newstoyou.aJc.com to get a free midday news update via e-mail.

CONTACT US Sheila Garland, Deputy Business EditorDay sgarlandajc.com COMING SUNDAY: DELTA EXEC'S GLOBAL EXPERIENCE IS A BOON Growth draws mall talk in Henry Split on policy at Fed Forest City would comment. Developers typically take purchase options on land as a form of speculation. If population growth pans out and anchor tenants can be lined up, they buy the land and proceed with development. But the plans don't always lead to anything. Chattanooga-based CBL also has talked of building a 1.3 million-square-foot mall in Coweta County, on 150 acres west of 1-85 in Newnan, between Bullsboro County's 103 rise in population makes the area captivating By RENliE DEGROSS rdegrossajc.com Lured by rapid growth, mall developers are lining up potential sites in Henry County.

CBL Associates Properties, which built Arbor Place mall in Douglas County, says it has an option to buy 200 acres for a population growth makes the county attractive. Between 1990 and 2000, Henry grew 103.2 percent, according to census figures. Another developer, North American Properties, is also considering a potential mall site in Henry at 1-75 and McDonough Road and Ga. 81, Fullam said. North American, which mostly builds big box power centers, is working with Forest City Enterprises, co-developer of the Mall at Stonecrest under construction in DeKalb County.

Neither North American nor future regional mall in an undisclosed Henry location off 1-75, believed to be near Locust Grove. Ron Fullam, CBL's senior vice president of development, said the company wants to build more than 1 million square feet of mall space. Southlake Mall in Morrow has about 1 million square feet "We've been working for a year to get a piece of property under control in Henry County, Fullam said. "At this moment, we have acreage under control." While retail sales have cooled this year, Fullam said Henry's revealed Please see MALL, F9 Inflation hawk's worries send stocks tumbling Atlanta Real Estate Every Friday: Commercial and residential development nvestor seeks stake uckhead tower in By TOM WALKER twalkerajc.com A senior Federal Reserve policy-maker warned in June that the Fed's aggressive effort to revive the economy could lead to inflation. It was the first open split on Fed policy this year.

William Poole, president of the Federal Reserve Bank of St Louis, voted in June against another cut in the federal funds rate, according to minutes of the Fed's June meeting. The minutes were released Thursday, two days after the Fed made its seventh cut of the year in short-term interest rates. Poole's stance was in dramatic opposition to the Fed's position, adopted in December and still in place, that turning around a weak U.S. economy is its chief objective. Its tools have been lower interest rates and easier credit a strategy the Fed said was possible because inflation was contained.

The Fed's official statement in June and again on Tuesday warned that despite consumer spending strength, "business profits and capital spending continue to weaken and growth abroad is slowing, weighing on the US. economy." Release of the Fed's minutes, with the suggestion that interest rate cuts might be near-ing an end, sent major stock market averages sharply lower Thursday, although most posted modest recoveries. The Dow Jones industrial average finished the lightly traded session down 47.75 points at 10,229.15. The Nasdaq composite lost 17.04 points to 1,842.97, and Standard Poor's 500-stock Please see FED, F4 Philadelphia firm negotiating to buy part of Tower Place 100 TOWER PLACE ICO Location: Buckhead Height: 29 stories Space: 610,000 sq. ft.

7 Occupancy: 96 percent leased 1. 4 i 6 1 1 0 1 it. Jamestown Phipps Plaza .1 Sv Lenox (goquare 'I, By TONY W1LBERT twilbertajc.com A Pennsylvania real estate investor plans to enter the Atlanta market through Buck-head by purchasing part of Tower Place 100, the 26-year-old building known for its outline in green neon lights. Berwind Property Group of Philadelphia is negotiating for a stake in the tower as well as the 1)roject's retail space and a col-ege building. The properties are worth about $125 million.

Berwind would buy out the stake held by Jamestown, an Atlanta-based investment firm backed by German investors. Regent Partners, an Atlanta-based development firm, would retain its stake. The company owns more than 22 million square feet of office, retail, industrial, hotel and residential properties File Berwind Property Group wants to purchase part of the green neon Tower Place 100 building as well as retail space and a college building at Tower Place In Buckhead. The properties are worth $125 million. Fn-rliAtlanta O5 It's a keeper: TNT renews 'Witchblade' Countyr-ysl JEROME THOMPSON Staff across the country.

Office properties make up the largest segment of its portfolio. Berwind's interest shows that Atlanta continues to attract investors even in a slow economy, said Ted Klinck, principal at Lend Lease Real Estate In- Please see TOWER, F4 By MATT KEMPNER mkempnerajc.com Atlanta-based TNT has an original series it plans to keep. TNT, one of the most watched networks on cable TV, says it will renew its "Witch-blade" series for a second season. It's the first series the network has reupped New Six Flags roller coaster finally ready -s since it renewed a push last year to attract more repeat viewers with original series. Other big cable networks also are leaning on original series, particularly after seeing the success of HBO, which airs shows such as "Sex in the City" and the "The Sopranos "They are the gift that keeps on giving.

Every week you bring back audience," said Steve Koonin, general manager of TNT, part of AOL Time Warner's Turner Broadcasting System. TNT also has tried to use "Witchblade" to bolster its new strategy to brand By SHEUA M. POOLE spooleajc.com It's Deja Vu all over again. After months of delays, Six Flags Over Georgia says it's ready to unveil Deja Vu, a suspended looping roller coaster, on Labor Day weekend. Originally, D6ja Vu, which shoots riders along at speeds of 65 mph and has a 90-degree first drop, was to open in late spring, along with another ride, Acrophobia.

Acrophobia opened in May. But amusement park officials say rainy weather and technical difficulties delayed the opening of Deja Vu, which had been billed as one of the season's hottest new thrill rides. The technical difficulties were not related to safety issues, said spokeswoman Marcie Tanner. "We're just to the point where we are comfortable with our testing stages," Tanner said. "We promised two new rides this year, and we're going to deliver as quickly as possible." Six Flags' season began in March, but daily operations ended Aug.

12. It is open weekends through September, and Fridays and weekends through October before closing. Deja Vu openings were also postponed at Six Flags in Gurnee, 111., and Valencia, Calif. Saturday is the opening date set in California, Amusement parks prefer to launch rides at the start of the season as a way to build excitement and attendance, said Tim O'Brien, senior editor of Amusement Business, a trade publication. Debuting a ride this late in the season might ordinarily mean trouble for a park, because by then consumers' attention is usually elsewhere, such as a return to school.

But in this case, "it might be like turning lemons into lemonade," O'Brien said. "This coaster is still going to be open six to eight weeks, so word of mouth will get people thinking about the park again." Despite a slowdown in the economy, attendance has been up i-r "in niiw "Witchblade," starring Yancy Butler, Is based on a comic book and will be back for a second season. TOM KELLEY Staff Deja Vu, shown under construction last March, did not open in the spring as planned because of technical problems. of bad weather. Overall amusement park visitation may be up 5 percent by the end of the season.

"It's not going to be an outstanding year but still a strong one," said O'Brien. modestly at local and regional parks, according to Amusement Business magazine. Tanner said attendance at Six Flags Over Georgia is up, although she declined to be specific. Earlier this year, General Manager John Odum said attendance declined in 2000, mostly because the network with the tagline "We know drama." A comic book spinoff, "Witchblade" features a police detective who uses a strange, medieval-looking weapon on her arm to battle evil. The heavily promoted series, which completed its 11-week run on Tuesday, was on in Please tea TNT, F4 ON THE WEB: Six Flag Over Georgia: wwW.alxflaga.comparkaovergeorgla home.atp THE ATLANTA JOURNAL-CONSTITUTION NEWS, UPDATES DAILY AT AJC.COM.