On Nov. 5,
Cobb County voters will have an opportunity to decide whether to adopt
the "Redevelopment Powers Act" through the use of tax allocation
districts in various parts of the county. One of those targeted areas
is Veterans Memorial Highway (Bankhead Highway to most folks), where it
crosses the river...and just over the border of Fulton County.
This is a good
idea and certainly should be passed by the Cobb citizens that want to
address areas long forgotten. It is not new, but it is proactive. These
selected areas would get a tax-assisted clean up, improve existing buildings,
and possibly help develop vacant/blighted pieces of property.
Well, enough
about Cobb County. My purpose in writing is to urge ... no, strongly
urge ... Fulton County government officials to look at this methodology
in addressing the Fulton Industrial Business District. Specifically, I
am advocating the establishment of a tax allocation district within the
Fulton Industrial Business District.
It is a fact
that this business district is the largest single tax base in Fulton County.
It is a fact that it is the home of in excess of 1,000 businesses. It
is a fact that it is the largest contiguous industrial area east of the
Mississippi River. It is a fact that it has long been neglected. Enough
of the past. Let us look forward.
I do not favor
within the Fulton Industrial Business District creating an overlay district
that grandfathers in existing businesses that are out of code or non-compliant
with current county policy and procedures. Nor, do I favor creating a
community improvement district that seeks to further tax the businesses
that are currently paying plenty of tax dollars to the county, with the
future hopes of attracting additional federal dollars to further goals.
Nor am I in favor of long term studies that purport to tell this district
what we should stand for to make it "liveable" in the future.
These methodologies may be fine for other places in the metro Atlanta
area, but not in an area contributing as much of the tax base as this
district curently provides.
Since I became
the first executive director of this business district in 1999, believe
me, I am quite familiar with nearly all the problems as well as the jewels.
I just believe that it is time to grow up and take greater responsibility
of our own destiny.
After considerable
thought, I have come to the conclusion that the area could best be served,
for the beterment of the entire Fulton County and metro Atlanta region,
of a tax allocation from I-285/Bankhead Highway west toward the Chattahoochee
River and south from Bankhead Highway along Fulton Industrial Boulevard
(past Fulton County Airport, Martin Luther King, Jr. Boulevard, and the
I-20 interchange) to Commerce Drive. The western border would be the River
and the eastern border would be I-285.
This "targeted"
tax allocation district would serve as a spark plug to future development
in the district around the Fulton County Airport expansion plans, the
proposed MARTA rail line expansion, and serve as a source of hope for
the 30,000 employees working daily on this 8-mile road in unincorporated
Fulton County.
This TAD also
would enable increases in property tax revenue that normally is returned
to the Fulton County general fund or special services district fund for
usage by the county (since the Fulton Industrial Business District's creation)
in places other than the Fulton Indsutrial area to be used " solely
within the Fulton Industrial Business District ." This would enable
these business and property owners to directly work with the county to
allocate their tax dollars and make this district even more productive
and essential to the county's bottom line.
In essence,
it is time for the county's largest tax base to quick sharing it's wealth
(reassessed property value increases) with other areas and instead, clean
up its own yard and play a proactive role in how the substantial tax dollars
collected from this area are spent. The TAD would work by returning any
increase in property taxes in the area to the area.
Imagine the
possibilities within this targeted area: a tool to address blighted property;
increase public safety official's visibility in the area; improve lighting;
widen roads; add sidewalks; clean up right-of-way and the median; make
the exit off Bankhead/I-285 as inviting as the exits off of Paces Ferry
or Cascade; improve or redevelop existing buildings; and a host of other
things that are necessary for improving this area. Nothing grand just
concentrating on smaller projects one area at a time.
This is not
an area being selfish...it is merely getting it's own house in order for
the benefit of the entire metro Atlanta region. thinking regionally, not
selfishly. We are not a TAD late; we are raring to get started.
[Patrick Stafford
is executive director of the Fulton Industrial Business Association.]






Easy button Return it to long suffering taxpayers including those who have paid huge tabs to educate other people's kids…