Atlanta Peach Drop Celebration in Peril

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The peach needs a new home. All indications are the New Year's Eve celebration could move, that is if officials are able to pull everything together.

Informal discussions have taken place with state officials who are open to the idea of the Peach Drop moving from Underground Atlanta to Centennial Park. There is plenty of space at the location managed by the Georgia World Congress Center.

For that to happen, a spokesperson said promoters would have to come to the table with a formal request as well as a business transaction. And the peach is not cheap. The one-night celebration typically costs in excess of $400,000. The entertainment alone can be as much as a quarter of a million dollars.

A spokesperson for the Atlanta mayor says Kasim Reed wants to see the tradition continue.