They gutted a pretty rough area south of campus and built a lot of new housing for the athlete village. For a while, both Georgia Tech and Georgia State used those buildings as dorms but Georgia State built their own closer to campus and now it's all Georgia Tech property.
A lot of the Tech fraternity houses were rented out to media companies and got renovated.
Tech did get a lot of use out of the aquatic center and it gets used for many NCAA events.
They did finally defuel the Neely nuclear research reactor on campus before the games. I'd wondered how they were going to house athletes next to an experimental reactor.
Nothing can excuse that mascot though.