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Georgia Tech is public university that helped develop Technology Square, an innovation district. (Wikipedia article: https://en.wikipedia.org/wiki/Technology_Square). Technology Square was financed by the Georgia Tech Foundation, a private, 501c3 (https://en.wikipedia.org/wiki/Georgia_Tech_Foundation) which supports my hypothesis above that this type of development is easier to do with private instead of public money.
Neighborhood near Morehouse and Superman, known as Atlanta University Center (AUC), has had high crime rate and may be gentrifying (see references below). AUC is also home to Clark_Atlanta Clark-Atlanta University,which is also an HBCU.
Emory is in Druid Hills, which has a median household income of $238K per this website http://higley1000.com/about-this-site/methodology/neighborhoods-by-metro.

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