The other group -- Krause Sports and Entertainment -- presently has a Memorandum of Understanding with Forsyth County that will be voted on by the board on 26 March 2024. That would provide $390 million to help fund the project in south Forsyth county, approximately six miles north of the location Carter's group is proposing to re-develop.
Most folks (myself included) thought Carter was involved in the Krause group somehow, maybe as a minority investor or buy-in, so Carter's announcement yesterday was seen as a bit of a shock to some, and quite welcome to others (also myself included).
At the end of the day though, you're right about one thing: There's still some distance to go for the league to return to the Atlanta market. However, the fact there are multiple groups interested in bringing the league back to Atlanta isn't anything to shake your head at. What it does is demonstrates exactly how much interest there is in the market. It could also spur a bit of a biding war between the two parties, which you know the league would love.
All in all, things look far more promising here now than it has in a very long time.