TAX ALLOCATION DISTRICT FOR INTOWN TRAIL AND RAIL
An independent city of Atlanta panel has been assembled to decide whether a special tax district can generate enough money to pay for a proposed 22-mile transit line and greenbelt looping around the city's intown neighborhoods.
A tax allocation district uses additional taxes from the increased property values caused by development in a certain area to pay for public improvements in that specific area. Atlanta currently has five such districts, including the Atlantic Station megadevelopment in Midtown.
"We're going from 'Boy, wouldn't this be a good idea?' to the implementation phase," said Cathy Woolard, former City Council President and the BeltLine's most ardent political advocate.
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Source: ajc.com
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- Burke Sisco
- Burke Sisco has completed intensive training in energy and environmental issues related to real estate transactions and excels as one of Georgia's very first Certified EcoBrokers®. In addition to energy-efficient, eco-friendly features of the house itself, Burke focuses on a niche market of location-efficient housing. These homes are generally found Intown Atlanta within some of the city's more walkable neighborhoods and village settings, and often in proximity to MARTA, bike paths, and the coming BeltLine. Visit Burke's other blog at www.ecohomeguy.com. Burke can be contacted at 404.421.9968.
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